Construction Contract Cost Plus With Example In San Bernardino

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

Description

The Construction Contract Cost Plus form is a detailed legal agreement used between a contractor and an owner for construction projects in San Bernardino. In this type of contract, the owner agrees to pay the contractor for the actual costs incurred for materials, along with a specified fee for their services. For example, if the contractor incurs $50,000 in project costs, they may charge an additional $10,000 fee, totaling $60,000. Key features of the form include defining the scope of work, outlining insurance requirements, and specifying payment terms. Users can fill in details such as the project description, work site location, and exact payment structure. It is crucial for owners to note that they are responsible for any additional costs incurred due to soil conditions that may arise during the project. Recommended for attorneys, partners, and legal assistants in the construction sector, this form provides a structured approach for managing construction projects, ensuring clarity in obligations and expectations for both parties.