The ABIC Commercial Cost Plus (CP-2014 C) contract is intended for use where an architect administers a cost plus contract. CP-2014 C replaces the former AIA/Master Builders agreed FF/C contract, which is now obsolete. Note: Use of FF/C is no longer authorised by the copyright holders.
Cost plus is a contract form suited to circumstances where there is insufficient detail at the commencement of work for a final cost to be calculated. Similarly to the former FF/C contract, and as with all cost plus contracts, under CP-2014 C the contractor is to be paid an amount based on the costs incurred by the contractor, plus a margin on that amount. The fee is either a lump sum or a percentage of the cost of the Works, according to the provisions selected in CP-2014 C.
For commercial projects
The Commercial Cost Plus CP-2014 C contract is not warranted for use on domestic projects and state legislation may limit or prohibit the use of cost plus contracts for domestic projects. If your client intends to use this contract for a domestic project, you should recommend they seek legal advice on whether and how your client could use the CP-2014 C contract for that project.
Information for the architect
ABIC CP-2014 C [Reference Copy]
ABIC Commercial CP-2014 C schedule
The User Guide provides relevant commentary on each section, and supplements it with charts and tables that summarise processes required by the contract. The charts identify the relevant clause numbers and forms to be used. There is a list of all forms (see below) at the end of the guide.
The User Guide is not intended to be a substitute for reading the contract.
Forms
Template Forms that may assist you with the administration of the CP-2014 C are available here:
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Disclaimer
This content is provided by the Australian Institute of Architects for reference purposes and as general guidance. It does not take into account specific circumstances and should not be relied on in that way. It is not legal, financial, insurance, or other advice and you should seek independent verification or advice before relying on this content in circumstances where loss or damage may result. The Institute endeavours to publish content that is accurate at the time it is published, but does not accept responsibility for content that may or has become inaccurate over time. Using this website and content is subject to the Acumen User Licence.