Cost Plus In Construction In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus construction contract in Broward is designed to outline the financial arrangement between the Contractor and the Owner. This form stipulates that the Owner will reimburse the Contractor for actual costs incurred for materials, plus an agreed-upon additional fee for services rendered. Key features of this contract include provisions for scope of work, liability, site conditions, permits, insurance, and warranty details. The document emphasizes that any changes in scope will require a written 'Change Order,' which may affect project costs. Filling out the form requires entering specific information about the project, including the work site's location and the compensation structure. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it helps to clarify financial expectations and protect legal rights. It serves to mitigate disputes by providing clear procedures for changes and payments. Properly completing this contract ensures that all parties have a mutual understanding of obligations and financial commitments, making it vital for risk management in construction.
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