Cost-Plus Contract Fundamentals
1 to 2:30 p.m.
Both commercial clients and government entities are increasingly utilizing cost-plus contracts, necessitating the better understanding of cost-plus contracting by owners and contractors alike.
Dirk D. Haire, co-chair of Fox’s national Construction Law Practice, will address the key difference between fixed price and cost-plus contracts, while providing insight into the various types of contracts as well as industry and government standards. Topics to be discussed include:
- Types of contracts
- Complexities in cost-plus item allocation
- Establishment of budget and owner approval costs
- Review change order negotiations
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