Cost Plus Fee Construction Contract In Broward

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

Description

The Cost Plus Fee Construction Contract in Broward is designed for agreements between contractors and owners for residential construction projects. This contract outlines key elements such as the scope of work, work site details, required permits, insurance obligations, and soil conditions. It enables the contractor to charge the owner for actual construction costs plus a predefined fee for services rendered, giving clarity on payment structures. Owners can modify the scope of work through written change orders, with costs adjusted accordingly. A late payment clause ensures timely payments, adding a 1% fee for overdue amounts. This form is particularly beneficial for professionals in the construction and legal fields, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for managing the financial and legal responsibilities inherent in construction projects. Users must complete certain sections, such as specifying the project details and payment structures, while adhering to local regulations and safety standards.