Cost Plus Contract For Construction In California

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

Description

The Cost Plus Contract for Construction in California is a detailed legal agreement that allows a contractor to receive reimbursement for actual costs incurred on a project along with a specified fee. Key features of this contract include clearly defined scope of work, obligations regarding permits, and provisions for soil conditions. The contractor is responsible for obtaining necessary permits, and the owner must provide a boundary survey and any additional site work specifications if necessary. Changes to the scope of work can be initiated by the owner through written change orders, which may affect the overall cost. Payment terms are outlined, specifying that the owner pays for actual costs plus a determined fee. In case of late payments, a late charge is applicable. This contract also includes a warranty clause that limits the contractor's liability for workmanship defects to one year after completion. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction project management, as it provides a clear framework for responsibilities and financial arrangements.