Document background
This document serves as a Cost and Fee Contract template tailored for use under Pakistani jurisdiction, primarily utilized when parties need to establish a flexible pricing mechanism where exact costs cannot be determined at the outset. It is particularly suitable for complex projects or services where costs may vary and need to be tracked and reimbursed, with an additional fee component for the service provider's profit. The contract incorporates essential elements required by Pakistani law, including compliance with the Contract Act 1872, taxation requirements, and financial documentation standards. It provides comprehensive coverage of cost categories, recovery mechanisms, fee structures, and reporting requirements, making it suitable for various professional services, construction projects, and consulting engagements. The document includes necessary provisions for cost verification, audit rights, and dispute resolution mechanisms in accordance with Pakistani legal requirements.
