Construction Cost Plus With Example In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract specifies the terms between a Contractor and an Owner for a project based on a cost-plus agreement, particularly relevant to Broward. The document outlines the scope of work, site conditions, necessary permits, and any additional costs resulting from unforeseen soil conditions. Key features include provisions for changes in the scope of work via written Change Orders and a defined payment structure that includes actual material costs plus a service fee. This contract serves various legal professionals and stakeholders by clarifying roles, ensuring compliance with regulations, and establishing financial expectations. Attorneys can utilize the form to structure projects while addressing liability, whereas Owners can benefit from clear warranty terms and payment conditions. Paralegals and legal assistants may find this contract useful when preparing documentation and managing compliance for construction projects, ensuring a comprehensive understanding of obligations and rights within the construction process.
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FAQ
Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials.
Generally, labor accounts for anywhere from 20-35% of total construction expenses, while materials account for 65-80%.
