Construction Contract Cost Plus With Example In Hennepin

• Category: Construction - Contractors
• State: Multi-State
• County: Hennepin
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract Cost Plus with Example in Hennepin is a legal document that outlines the agreement between the Contractor and Owner for constructing a project. Key features include a detailed scope of work that defines the materials and labor involved, the designation of the work site, and provisions for obtaining necessary permits. The contract specifies that costs related to soil conditions are the Owner's responsibility, ensuring clarity around potential extra expenses. Importantly, it allows for changes to the scope of work through written Change Orders, with the Owner agreeing to cover any additional costs resulting from these changes. The payment structure is based on costs incurred plus a set fee, making it transparent for both parties. Filling instructions suggest that users complete the specified sections about costs and payment schedules and emphasize documenting changes through formal letters. This form is particularly useful for attorneys, partners, and owners managing construction projects, as it provides a legally binding framework to mitigate risks. Paralegals and legal assistants can utilize this contract to assist in drafting and reviewing agreements, ensuring compliance with local regulations.