Contract Cost Plus Form With Example In Arizona

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

Description

The Contract Cost Plus Form, with an example in Arizona, is a vital legal document used in construction agreements where the contractor is compensated based on the actual costs incurred plus an additional fee. This form specifies the scope of work, the work site, and the responsibilities regarding permits and soil conditions. Key features include a defined payment structure, allowing for adjustments in the project cost through Change Orders, which must be documented in writing. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clarity on contractor obligations and protects the owner's interests. Accurate completion and understanding of this form help to mitigate disputes and ensure compliance with local regulations. Filling instructions emphasize the need for clear entries regarding costs, changes to the project, and the scope of work, while editing instructions recommend reviewing for accuracy before signing. Use cases include residential construction projects and renovations where flexibility in pricing is needed due to varying material and labor costs.