A Cost Plus Contract Construction is a type of contract in which the contractor is paid for its actual costs plus an agreed upon fee. This type of agreement is commonly used in construction projects, and it gives both the contractor and the client peace of mind, knowing that the contractor will be compensated for all of their expenses, as well as achieving a set profit at the end of the project. By allowing for the cost reimbursement along with a predetermined fee, this ensures that the contractor can continue toward completion without worry of impending financial losses. A Cost Plus Contract helps to ensure successful projects and protect both parties involved.