The Construction Cost Plus Contract is particularly suitable for New Zealand construction projects where the scope of work cannot be fully defined at the outset, or where flexibility is required due to project complexity or uncertainty. This contract type is commonly used in urgent projects, renovation works where the full extent of work is unknown until construction begins, or projects with significant potential for variations. The document complies with New Zealand construction law, including the Construction Contracts Act 2002 and Building Act 2004, and includes comprehensive provisions for cost reporting, validation of expenses, markup calculations, and project management procedures. It provides transparency in cost allocation while protecting both parties' interests through clear definition of allowable costs, reporting requirements, and audit rights. The contract is structured to ensure fair risk allocation and clear procedures for managing changes, while maintaining the flexibility inherent in cost-plus arrangements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Principal/Client and the Contractor, including their legal details and representatives
2. Background: Context of the agreement, project overview, and basis for entering into the contract
3. Definitions and Interpretation: Definitions of key terms and rules for interpreting the contract
4. Scope of Works: Detailed description of the construction works to be performed
5. Cost Plus Mechanism: Definition of cost components, markup/fee structure, and allowable expenses
6. Contractor's Obligations: Key responsibilities including work quality, reporting, record-keeping, and cost management
7. Principal's Obligations: Client responsibilities including site access, information provision, and timely decisions
8. Cost Reporting and Transparency: Requirements for regular cost reporting, open-book accounting, and audit rights
9. Payment Terms: Payment process, timing, documentation requirements as per Construction Contracts Act
10. Variations: Process for managing changes to scope, costs, or time
11. Time and Programme: Project timeline, milestones, and management of delays
12. Quality and Compliance: Quality standards, inspections, and compliance with Building Code and regulations
13. Health and Safety: HSE requirements and responsibilities under Health and Safety at Work Act
14. Insurance and Liability: Required insurances and allocation of risks
15. Dispute Resolution: Process for resolving disputes as per Construction Contracts Act
16. Termination: Grounds and process for contract termination
17. General Provisions: Standard contractual terms including notices, assignment, and governing law
1. Performance Security: Requirements for bonds or guarantees, used for higher-value projects
2. Value Management: Procedures for cost optimization and value engineering, useful for complex projects
3. Subcontractor Management: Specific requirements for managing subcontractors, relevant for larger projects
4. Environmental Management: Environmental obligations and compliance, important for environmentally sensitive projects
5. Provisional Sums: Management of provisional sum items, used when certain costs cannot be determined initially
6. Intellectual Property: IP rights and obligations, relevant when design or innovative methods are involved
7. Building Information Modeling: BIM requirements and protocols, for projects using BIM
8. Defects Liability Period: Extended defects coverage, important for larger or complex buildings
1. Schedule 1: Scope of Works: Detailed specifications, drawings, and technical requirements
2. Schedule 2: Cost Components: Breakdown of cost categories, mark-up rates, and fee calculation method
3. Schedule 3: Key Personnel: Details of key staff from both parties and their roles
4. Schedule 4: Programme: Detailed project timeline and milestones
5. Schedule 5: Site Information: Site details, access requirements, and known site conditions
6. Schedule 6: Insurance Requirements: Specific insurance types and coverage levels required
7. Schedule 7: Forms and Procedures: Standard forms for variations, payment claims, and other processes
8. Schedule 8: Special Conditions: Any project-specific requirements or variations to standard terms
9. Appendix A: Drawings: Construction drawings and design documents
10. Appendix B: Reports: Relevant technical reports, surveys, and investigations
Relevant legal definitions
Clauses
Relevant Industries
Construction
Property Development
Real Estate
Infrastructure
Commercial Building
Residential Development
Industrial Construction
Public Works
Healthcare Construction
Education Construction
Relevant Teams
Legal
Construction
Commercial
Finance
Operations
Procurement
Risk Management
Project Management
Contract Administration
Business Development
Relevant Roles
Construction Manager
Project Manager
Contract Administrator
Quantity Surveyor
Commercial Manager
Construction Director
Legal Counsel
Risk Manager
Cost Controller
Chief Financial Officer
Development Manager
Site Manager
Procurement Manager
Operations Director
Client Representative
Find the exact document you need
Simple Works Contract
A straightforward construction contract template for small to medium-scale building works in New Zealand, incorporating key local legal requirements and industry standards.
Download
Joint Venture Agreement For (Construction)
A New Zealand-governed agreement establishing a joint venture between parties for construction projects, defining their rights, responsibilities, and operational procedures.
Download
Home Improvement Contract
A New Zealand-compliant contract for residential improvement works between a contractor and homeowner, outlining construction specifications, payments, and obligations.
Download
Generic Construction Contract
Standard construction contract template for New Zealand construction projects, compliant with local construction laws and regulations.
Download
Contract Between Builder And Homeowner
A New Zealand-compliant construction agreement between a builder and homeowner defining the terms, conditions, and obligations for residential building work.
Download
Contractor Renovation Contract
A New Zealand-compliant contract governing renovation works between a property owner and contractor.
Download
Construction Cost Plus Contract
A New Zealand-governed construction agreement where the client pays the actual costs plus an agreed fee/percentage for the contractor's overhead and profit.
Download
Building Contract
A New Zealand-governed agreement between a principal/client and contractor for building works, setting out construction terms, obligations, and compliance requirements.
Download
Contract Between Contractor And Owner
A New Zealand-compliant construction contract establishing terms and obligations between a contractor and property owner.
Download
Standard Contractor Contract
A New Zealand-compliant agreement establishing the terms and conditions between a business and an independent contractor, ensuring clear definition of rights, obligations, and service delivery requirements.
Download
Construction Contractor Contract
A New Zealand-compliant contract governing the relationship between a principal and contractor for construction works, aligned with local construction and safety legislation.
Download
New Build Purchase Agreement
A New Zealand-governed agreement for the construction and purchase of a new building, outlining construction specifications, payment terms, and completion requirements.
Download
Construction Warranty Agreement
A New Zealand-compliant legal agreement providing warranties for construction work quality and establishing remedial obligations under NZ building regulations.
Download
Construction Teaming Agreement
A New Zealand-governed agreement establishing terms and conditions for collaboration between multiple parties on construction projects.
Download
Contract Between Builder And Subcontractor
A New Zealand-compliant contract establishing terms and conditions between a builder and subcontractor for construction works.
Download
Basic Construction Contract
A New Zealand-compliant basic construction contract template establishing terms between principal and contractor for construction projects.
Download
Joint Venture Building Agreement
A New Zealand-governed agreement establishing a joint venture between parties for undertaking a building or construction project.
Download
Fence Construction Agreement
A New Zealand-compliant agreement for fence construction services, detailing work scope, specifications, and party obligations.
Download
Management Building Contract
A New Zealand construction contract establishing terms for management contracting arrangements, where a contractor manages the construction process and trade contractors on the Principal's behalf.
Download
Construction Referral Fee Agreement
A New Zealand-governed agreement establishing terms and conditions for construction project referral fees between referring parties and construction companies.
Download
Residential Construction Contract
A New Zealand-compliant contract governing residential construction work between contractors and homeowners, setting out terms for construction projects under NZ law.
Download
Construction Project Management Contract
A New Zealand-governed agreement defining terms and conditions for construction project management services, including scope, responsibilities, and compliance requirements.
Download
Construction Agreement Between Owner And Contractor
A New Zealand-governed agreement between property owner and contractor establishing terms and conditions for construction works.
Download
Construction Payment Contract
A New Zealand-compliant contract governing payment terms and processes for construction projects under the Construction Contracts Act 2002.
Download
New Construction Home Contract
A New Zealand-compliant contract for new residential home construction, establishing terms between builder and homeowner.
Download
Contract For Contractor And Homeowner
A New Zealand-compliant contract governing the agreement between a contractor and homeowner for residential construction or renovation works.
Download
Construction Deposit Agreement
A New Zealand-compliant agreement governing the terms and conditions for construction deposit funds, including holding arrangements and release conditions.
Download
Construction Equipment Rental Agreement
A New Zealand-compliant agreement for construction equipment rental, covering rental terms, safety requirements, and liability provisions.
Download
Contract For Construction Work
A New Zealand-governed construction contract setting out terms and conditions for building works, compliant with local construction and building legislation.
Download
Construction Employee Contract
New Zealand-compliant employment agreement template for construction industry workers, covering essential terms and industry-specific requirements.
Download
Supply And Installation Agreement
A New Zealand-governed agreement for the supply and installation of equipment or systems, covering procurement, installation services, and related obligations.
Download
Construction Subcontract
A New Zealand-compliant agreement between a main contractor and subcontractor for construction works, governed by NZ law including the Construction Contracts Act 2002.
Download
General Contractor Agreement With Owner
A New Zealand-compliant agreement between a property owner and general contractor establishing terms and conditions for construction works.
Download
Pre Construction Agreement
A New Zealand-governed agreement defining terms and conditions for pre-construction services in construction projects.
Download
Cost Plus Construction Agreement
New Zealand-compliant construction agreement for projects using cost-plus pricing, including actual costs plus defined markup structures.
Download
Subcontractor Agreement (Construction)
New Zealand-compliant construction subcontractor agreement establishing terms between main contractor and subcontractor, including works scope, payments, and obligations under NZ construction law.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)