#136: Fixed Price vs. “Cost Plus” Contracts: Some Considerations
NH Construction Law
JUNE 23, 2024
When contracting parties agree to a fixed price or lump sum amount for a defined scope of work, the contractor is generally obligated to build that scope of work for that price regardless of what it costs him to do so or what unmentioned obstacles he may face. A measure of trust is accordingly essential in fixed price contracts.
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