Cost Plus For Construction In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus for Construction in Broward contract is a binding agreement between a contractor and an owner, detailing the obligations for constructing a specified project. It stipulates that the owner will pay the actual costs of materials, along with a predetermined fee for the contractor's services. Key features include a clear scope of work, a designated work site, and provisions for permits and insurance. Users must fill in specific details such as the project description and applicable fees. Changes to the project's scope require written change orders, and late payments incur a 1% fee. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law. It provides a comprehensive structure to manage costs effectively and ensures legal compliance throughout the project, enabling a clear understanding of responsibilities and financial obligations.
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FAQ
The percentage of completion method is a revenue recognition accounting concept that evaluates how to realize revenue periodically over a long-term project or contract. Revenue, expenses, and gross profit are recognized each period based on the percentage of work completed or costs incurred.
