Construction Cost Plus With Example In Allegheny

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

Description

The Construction Contract form outlines the agreement between a contractor and an owner for a construction project, specifying important terms including the scope of work, work site, permits, soil conditions, insurance, and changes to the project. A key feature is the 'Cost Plus' payment structure, where the owner agrees to pay the actual cost of materials plus a predetermined fee for the contractor's services, offering flexibility in budgeting. For example, in Allegheny, a contractor may be paid the actual costs incurred for construction plus an agreed-upon fee, which can help accommodate changes or unexpected expenses. Filling out the form involves providing detailed information about the project specifications, work site, payment terms, and signatures from both parties. It serves attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for legally binding construction agreements, ensuring all parties understand their obligations and rights. Additionally, it emphasizes responsibility for permits and includes provisions for soil conditions, thereby protecting the interests of both the contractor and the owner throughout the construction process.