Cost Plus Contract Form

Cost Plus Contract Form Template for South Africa

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Cost Plus Contract Form

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Cost Plus Contract Form for a mining infrastructure project in Johannesburg, starting March 2025, with special emphasis on environmental compliance and local community engagement provisions."

Document background

The Cost Plus Contract Form is a specialized agreement used in South African construction and engineering projects where the final scope and costs cannot be definitively established at the project's onset. This contract type is particularly relevant for complex projects, emergency works, or situations where flexibility in execution is essential. The document incorporates South African legislative requirements, including compliance with the Construction Industry Development Board Act, Consumer Protection Act, and relevant labor laws. It provides detailed mechanisms for cost definition, verification, and payment, while ensuring transparency and fairness in the contractor's fee calculation. The agreement is structured to protect both parties' interests through clear risk allocation, cost control procedures, and audit rights, making it an essential tool for projects requiring adaptable pricing mechanisms while maintaining proper governance and control.

Suggested Sections

1. Parties: Identification of the employer and contractor, including their legal details and representatives

2. Background: Context of the agreement and brief project overview

3. Definitions: Detailed definitions of terms, particularly focusing on cost-related terminology

4. Scope of Work: Detailed description of the works to be performed

5. Cost Definition and Components: Clear definition of what constitutes 'cost' including direct costs, overhead, and allowable expenses

6. Contractor's Fee Structure: Definition of the percentage or fixed fee added to costs

7. Payment Terms and Procedures: Process for cost submission, verification, and payment

8. Cost Verification and Audit Rights: Employer's rights to verify and audit claimed costs

9. Project Timeline: Project schedule, milestones, and completion dates

10. Contractor's Obligations: Specific duties, including cost management and reporting

11. Employer's Obligations: Responsibilities including timely payment and access to site

12. Cost Control Mechanisms: Procedures for cost monitoring and control

13. Quality Requirements: Quality standards and control procedures

14. Risk Allocation: Distribution of risks between parties

15. Insurance and Indemnities: Required insurance coverage and indemnification provisions

16. Dispute Resolution: Procedures for resolving disputes

17. Termination: Grounds and procedures for contract termination

18. General Provisions: Standard legal clauses including governing law, notices, etc.

Optional Sections

1. Guaranteed Maximum Price: Optional cap on total costs - used when budget certainty is required

2. Value Engineering: Procedures for cost optimization - included for complex projects

3. Performance Incentives: Bonus mechanisms for cost savings or early completion

4. Material Procurement: Special procedures for material procurement - used for large supply components

5. Subcontractor Management: Procedures for managing subcontractors - used when significant subcontracting is expected

6. Foreign Currency Provisions: Currency handling for international components

7. Environmental Compliance: Special environmental requirements - used for environmentally sensitive projects

8. Community Engagement: Local community involvement requirements - used for public impact projects

Suggested Schedules

1. Schedule A - Cost Breakdown Structure: Detailed breakdown of cost categories and components

2. Schedule B - Rate Schedule: Agreed rates for labor, equipment, and materials

3. Schedule C - Project Specifications: Technical specifications and requirements

4. Schedule D - Project Program: Detailed project timeline and milestones

5. Schedule E - Key Personnel: List of key personnel and their roles

6. Schedule F - Required Insurance: Detailed insurance requirements and coverage limits

7. Schedule G - Forms and Templates: Standard forms for cost reporting and verification

8. Schedule H - Quality Management Plan: Detailed quality control procedures

9. Appendix 1 - Site Information: Site details and conditions

10. Appendix 2 - Statutory Requirements: Applicable laws and regulations

11. Appendix 3 - Cost Reporting Procedures: Detailed procedures for cost documentation and reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction

Engineering

Mining

Infrastructure Development

Commercial Property

Industrial Development

Energy

Manufacturing

Telecommunications

Public Works

Relevant Teams

Legal

Commercial

Procurement

Finance

Operations

Project Management

Risk and Compliance

Construction

Engineering

Quantity Surveying

Contract Administration

Cost Control

Relevant Roles

Project Manager

Contract Manager

Construction Manager

Quantity Surveyor

Cost Engineer

Commercial Director

Procurement Manager

Legal Counsel

Financial Controller

Operations Director

Site Manager

Risk Manager

Compliance Officer

Chief Financial Officer

Technical Director

Project Engineer

Construction Director

Commercial Manager

Find the exact document you need

Service Delivery Agreement Contract

A South African law-governed agreement defining the terms and conditions for service delivery between a provider and client, including service specifications, obligations, and performance standards.

��������Ƶ

How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Cost Plus Contract Form

Authors

Alex Denne

Find the exact document you need

Service Delivery Agreement Contract

Terms And Agreement Contract

Generic Subcontractor Agreement

General Construction Contract Form

Contract Between Employer And Contractor

Contract For Work For Hire

Labor Contract For (Construction)

Independent Agreement

Freelance Independent Contractor Agreement

Contract Between Company And Contractor

Standard Renovation Contract

Agreement Between Owner And Electrical Contractor

Contractor Lease Agreement

Labour Subcontractor Agreement

Agreement Construction Work

Hairdresser Independent Contractor Agreement

Service Of Work Contract

Payment Agreement Contract

Independent Service Contract

Agreement Between Company And Labour Contractor

Home Painting Contract

Contract For Builder And Client

Subcontractor Employment Agreement

Painting Contract Agreement

Driver Contractor Agreement

Domestic Subcontract Agreement

Contractor Service Agreement

Contractor Referral Agreement

Contract For Personal Service

Contract For Labor Agreement

Consulting Agreement Contract

Construction Contractor Contract

Standard Form Of Contract For Maintenance And Renovation Works

Short Form Subcontractor Agreement

Self Employed Cleaner Contract

Sales Subcontractor Agreement

Prime Contractor Agreement

Preferred Contractor Agreement

Percentage Agreement Contract

Painting Subcontractor Contract

Mining Contractor Agreement

Independent Sales Contract

Independent Employment Agreement

Independent Contractor Software Development Agreement

Independent Contractor Agreement For Sales Associate

Home Remodel Contract

General Contract For Services Agreement

Contract For Cleaning Services Agreement

Contract Agreement Between Two Parties

Contractor Retainer Agreement

Contractor Operating Agreement

Construction Contract Agreement Form

Carpenter Contract Agreement

Binding Agreement Contract

Agreement Between Architect And Contractor

Independent Contractor Agreement For Nail Technician

Agreement Between Contractor And Client

Independent Model Contract

Hourly Independent Contractor Agreement

Marketing Independent Contractor Agreement

Company Bond Contract

General Contractor Retainer Agreement

Independent Worker Contract

Agreement Between Principal Employer And Contractor

Residential Plumber Contract Agreement

Independent Contractor Professional Services Agreement

Independent Contractor Lease Agreement

Security Guard Independent Contractor Agreement

Home Owners Contract

Courier Independent Contractor Agreement

Cost Plus Contract Form

Annual Subcontractor Agreement

Personal Assistant Independent Contractor Agreement

Roofing Contract Agreement

��Ƶ

How a Sales & Marketing Lead uses ��Ƶ to reduce contract drafting time by 95%

�ұ�Ծ��’s Security Promise