Construction Contract Cost Plus With Example In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Example in Chicago is a legal document that establishes the terms between a contractor and an owner for a construction project. This form outlines the project's scope of work, specifying the materials and labor required, along with the location of the work site. Key features include provisions for obtaining necessary permits, addressing soil conditions, and detailing insurance responsibilities. Notably, the cost structure within the contract allows the owner to pay the contractor based on actual costs plus a specified fee, which offers flexibility in budgeting. Filling out the form requires careful attention to project specifications and estimated costs, as well as written approval for any changes to the scope of work. Specific use cases for this form include residential construction projects, renovations, and commercial builds, appealing to both professionals and non-experts in the field. The document is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in contract negotiations or project management, ensuring clear communication and compliance throughout the construction process.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
