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Cost And Fee Contract
"I need a Cost and Fee Contract for a large-scale construction project in Vienna, starting March 2025, with detailed provisions for monthly cost reporting and specific markup percentages for different cost categories, including provisions for handling cost overruns above 15% of estimated costs."
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Services: Detailed description of services to be provided
5. Cost Calculation Principles: Methodology and principles for calculating costs
6. Fee Structure: Breakdown of fees, including fixed fees, hourly rates, or other fee arrangements
7. Payment Terms: Payment schedule, invoicing requirements, and payment methods
8. Time Schedule: Timeline for service delivery and milestones
9. Rights and Obligations: Detailed responsibilities of each party
10. Reporting and Documentation: Requirements for progress reports and cost documentation
11. Quality Standards: Required quality levels and standards for service delivery
12. Term and Termination: Duration of contract and termination provisions
13. Liability and Insurance: Liability limitations and required insurance coverage
14. Confidentiality: Protection of confidential information
15. Governing Law and Jurisdiction: Confirmation of Austrian law application and dispute resolution
16. Final Provisions: Miscellaneous legal provisions including severability and entire agreement
1. Intellectual Property Rights: Include when services involve creation of intellectual property
2. Compliance Requirements: Add when specific regulatory compliance is necessary
3. Force Majeure: Include for long-term contracts or where service delivery might be affected by external factors
4. Data Protection: Required when personal data processing is involved
5. Subcontracting: Include when subcontractors may be used
6. Change Management: Add for complex projects where scope changes are likely
7. Performance Guarantees: Include when specific performance levels need to be guaranteed
8. Audit Rights: Add when one party requires right to audit costs and documentation
1. Schedule 1 - Detailed Cost Breakdown: Itemized list of all costs and calculation methods
2. Schedule 2 - Fee Schedule: Detailed fee structure including rates and charging intervals
3. Schedule 3 - Service Specifications: Detailed technical specifications of services
4. Schedule 4 - Time Schedule: Detailed timeline with milestones and deadlines
5. Schedule 5 - Required Documentation: Templates and requirements for reports and invoices
6. Schedule 6 - Key Personnel: List of key personnel and their roles (if applicable)
7. Schedule 7 - Quality Standards: Detailed quality requirements and measurement criteria
8. Appendix A - Rate Card: Standard rates for additional services or variations
Authors
Agreed Fees
Approved Expenses
Background IP
Base Fee
Business Day
Change Order
Client Materials
Commencement Date
Confidential Information
Cost Guidelines
Cost Plus Fee
Cost Report
Deliverables
Direct Costs
Documentation
Effective Date
Fee Schedule
Force Majeure Event
Indirect Costs
Key Personnel
Milestone
Overhead Costs
Payment Period
Performance Standards
Project
Project Manager
Quality Standards
Rate Card
Reimbursable Expenses
Required Insurance
Services
Service Level Requirements
Service Provider Materials
Specifications
Success Fee
Term
Third Party Costs
Time Schedule
VAT
Work Product
Cost Calculation
Fee Structure
Payment Terms
Invoicing
Performance Standards
Quality Control
Documentation Requirements
Reporting Obligations
Cost Verification
Time Schedule
Change Management
Personnel
Subcontracting
Insurance
Liability
Indemnification
Force Majeure
Intellectual Property
Confidentiality
Data Protection
Audit Rights
Term and Duration
Termination
Warranties
Dispute Resolution
Governing Law
Assignment
Notices
Entire Agreement
Severability
Amendment
Third Party Rights
Compliance
Anti-Corruption
Force Majeure
Record Keeping
Service Levels
Performance Monitoring
Cost Overrun
Construction
Engineering
Professional Services
Consulting
Architecture
Information Technology
Project Management
Public Sector
Infrastructure
Real Estate Development
Industrial Manufacturing
Research and Development
Legal
Finance
Procurement
Commercial
Operations
Project Management
Risk and Compliance
Business Development
Accounts
Contract Administration
Project Manager
Contract Manager
Financial Controller
Legal Counsel
Procurement Manager
Cost Engineer
Commercial Director
Chief Financial Officer
Operations Manager
Compliance Officer
Business Development Manager
Account Manager
Construction Manager
Consulting Director
Risk Manager
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