Construction Cost Plus With Cost-plus Pricing In California

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

Description

The Construction Contract outlines the agreement between a contractor and an owner for a construction project under cost-plus pricing in California. This pricing model allows the owner to pay the contractor for the actual construction costs plus an additional fee for services rendered. Key features include the scope of work, work site specifications, and requirements for permits and insurance. It emphasizes the contractor's responsibilities regarding soil conditions and changes to the project scope, necessitating written 'Change Orders' for any modifications. The form also addresses late payment fees, warranty limitations, and the assignment of material warranties to the owner. This contract is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, ensuring clarity and legal protection for all parties in a construction agreement. Users should familiarize themselves with filling out the sections accurately, particularly in documenting the cost structure and payment terms.