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The Construction Cost Contract Plus outlines the agreement between a Contractor and an Owner regarding the construction of a project. In the Bronx example, this form allows the Contractor to detail the scope of work, which includes labor and materials needed for constructing a residence. It highlights essential features such as permitting responsibilities, insurance coverage, and procedures for modifying the scope through written Change Orders. To form a legally binding contract, both parties must agree on the payment structure, either cost-plus or fixed fee. Users should fill out the Contractor and Owner information, clearly define the project location, and specify the payment terms as detailed in the contract. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in real estate or construction law. It provides a structured yet flexible framework that accommodates potential changes during the construction process, ensuring that both parties understand their responsibilities and liabilities.