Cost Plus Contract In Building In California
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Description
The Cost Plus Contract in building in California is a legal agreement between a Contractor and an Owner, allowing the Contractor to charge for the actual costs of materials plus an agreed-upon fee for services. This form outlines essential components, including the scope of work, work site details, permits, soil conditions, insurance requirements, and provisions for changes in the contract. Notably, the contract emphasizes that any changes made by the Owner must be documented through written 'Change Orders,' which may affect the overall project cost. Additionally, the Owner is responsible for any extra costs incurred due to soil conditions that exceed standard excavation practices. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a vital tool in ensuring clear communication and legal compliance throughout the construction process. Users can easily fill out and edit the form to suit specific project details, enhancing efficiency and reducing the risk of disputes. With outlined late payment penalties and warranty limitations, the contract provides a comprehensive framework for managing construction projects while safeguarding the interests of both parties.
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