Construction Contract Cost Plus With Example In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with example in Allegheny is a legally binding agreement between a contractor and an owner for constructing a project. This contract allows the contractor to charge the actual costs of materials along with a fixed fee for their services. Key features include a detailed scope of work, provisions for permits, insurance requirements, and flow for change orders. The contractor is not liable for soil conditions at the work site and must obtain necessary permits at the owner’s expense. This contract is useful for attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring clear expectations and protections for both parties. Filling and editing instructions should emphasize the importance of outlining specific project details, payment terms, and any adjustments to scope via change orders. The contract serves various use cases such as residential construction agreements and can mitigate disputes by clearly defining responsibilities and fees. Overall, this construction contract fosters a clear understanding between the contractor and owner, essential for successful project management.
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FAQ
Emden Formula The Emden Formula is similar to the Hudson Formula but uses the actual head office overheads and profit percentage. The Formula: Head office overheads and profit = (Overheads & profit / 100) x (contract sum x period of delay / contract period).
