Construction Contract Cost Plus Withholding In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract for cost plus withholding in Broward is a comprehensive agreement between a Contractor and an Owner, outlining the scope of work, payment structure, and responsibilities of both parties. This contract defines the Project to be constructed, the Work Site location, and emphasizes that the Contractor will secure necessary permits at the Owner's expense. Key features include provisions for soil condition liabilities, insurance requirements, and a framework for making changes to the scope of work via written Change Orders. The payment structure offers flexibility, allowing for either a cost plus arrangement or a fixed fee, clearly specifying how and when payments will be made. The contract also includes clauses for late payments, including a specified late charge and collection costs. This form is particularly utilitarian for legal professionals such as attorneys and paralegals, as it provides a structured foundation for construction projects, ensuring compliance with relevant regulations. Additionally, it's beneficial for Owners and Contractors to understand their rights and obligations, ultimately protecting all parties involved in construction operations.
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