Application of a cost plus construction contract helps contractors focus on quality rather than tight cost limits imposed at the start. Contractors are reimbursed for actual labor, materials, and approved overhead. This arrangement reduces financial risk for service providers when unknown conditions arise. The College of Contract Management offers professional training in contract structures and performance optimisation.
Application of a cost plus construction contract helps contractors focus on quality rather than tight cost limits imposed at the start. Contractors are reimbursed for actual labor, materials, and approved overhead. This arrangement reduces financial risk for service providers when unknown conditions arise. The College of Contract Management offers professional training in contract structures and performance optimisation.