Contract Cost Plus Agreement With Example In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement is a legal document outlining the terms under which a contractor will be compensated for residential construction services. In Broward, this agreement specifies that the owner will pay the actual cost of materials plus an additional sum for the contractor's services, ensuring transparency in budgeting. Key features include a detailed scope of work, the work site's location, and requirements for permits, which the contractor must secure at the owner's expense. Users are directed to provide written Specifications for any modifications to the project scope via 'Change Orders.' This form's utility is clear for various legal professionals: attorneys can advise on compliance; partners and owners can manage costs effectively; associates may assist in documentation, while paralegals and legal assistants can ensure the necessary paperwork is filled out correctly. Overall, this Contract Cost Plus Agreement facilitates clear communication and financial responsibility between contractors and owners, making it essential for construction projects in Broward.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
