Construction Contract Cost Plus With Example In Santa Clara

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

Description

The Construction Contract Cost Plus provides a structured template for agreements between a contractor and owner regarding construction projects in Santa Clara. It outlines essential elements such as the scope of work, work site, permits, and insurance requirements. In a cost plus structure, the owner pays for actual costs of materials alongside an agreed fee, allowing flexibility within budget constraints. For example, if the total material costs arise to $80,000, and the contractor fee is $20,000, the total payable would be $100,000. This contract is crucial for various legal professionals, including attorneys who draft and review contracts, partners overseeing project budgets, owners managing construction costs, and paralegals/legal assistants assisting in documentation. The form simplifies the process of making adjustments through written change orders, ensuring clarity on costs associated with modifications. By using this contract, users can mitigate risks associated with construction projects, fostering clear communication between parties.