Construction Cost Contract Plus With Example In Arizona
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Description
The Construction Cost Contract Plus in Arizona is a legal document that outlines the agreement between a Contractor and an Owner for constructing a project as detailed in the plans and specifications. This contract includes critical sections such as the scope of work, work site specifics, permit responsibilities, insurance requirements, soil conditions, and changes to the scope of work. The form allows for a cost-plus fee structure where the Owner pays for actual costs plus an agreed amount or a fixed fee structure. A key feature is that it mandates written change orders for any modifications during construction, ensuring transparency and accountability. Additionally, the contract addresses late payment penalties and warranties for workmanship, enhancing protection for both parties. It is designed for use by attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate development, construction law, or property management, providing them with a clear framework to guide their construction-related agreements.
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