Cost Plus Fee Contract Example In Arizona

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

Description

The Cost Plus Fee Contract example in Arizona is designed for the construction industry, outlining the responsibilities and expectations between the Contractor and the Owner. This contract specifies the scope of work, the work site, and outlines the requirement for necessary permits. Unique to the cost plus fee approach, it allows Contractors to charge the Owner for actual costs incurred for materials and labor, plus an additional fee. This structure provides flexibility in managing construction projects where costs may vary. Key features include provisions for changes in scope, responsibility for soil conditions, and details about insurance and payment terms. Filling out the form involves providing specific project details, payment terms, and signatures from both parties. The form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who are involved in construction project management and contract negotiation. They benefit from the clarity it provides on the cost structure and risk management associated with construction projects.