Standard Form of Agreement between Owner and Contractor on the Basis of a Stipulated Price, No. 1910–8-A-1 (1983 ed.) (Stipulated Price Agreement) and Standard Form of Agreement between Owner and Contractor on the Basis of Cost-Plus, No. 1910–8-A-2 (1983 ed.) (Cost-Plus Agreement)

Abstract

The language of the Stipulated Price and Cost-Plus Agreements are identical in most respects. Obviously, the provisions in respect of price and payment which appear in Articles 4 and 5 of the Stipulated Price Agreement differ from the comparable provisions in the Cost-Plus Agreement which appear in Articles 4–9 and 12 of that document. Articles 1, 2, 3, 6, 7, 8, and 9 of the Stipulated Price Agreement are identical with Articles 1, 2, 3, 10, 11, 13, and 14 of the Cost-Plus Agreement. In spite of their similarity, both documents have been reproduced in full in the Appendix. When the two documents are referred to collectively in this book, the term Owner-Contractor Agreement or O-Kor Agreement is used.