Construction Cost Contract Plus Withdrawal In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus Withdrawal in Chicago is a vital legal document designed for use in construction projects. It establishes the agreement between the contractor and owner regarding the project's scope, work site, permits, insurance, and payment structure. Key features include detailed clauses about the contractor's responsibilities, including obtaining necessary permits and the handling of soil conditions. The contract allows owners to make changes through a written Change Order, ensuring transparency on cost adjustments. Additionally, it outlines payment terms for both cost-plus and fixed fee arrangements, alongside penalties for late payment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, providing a clear framework for managing construction agreements and mitigating disputes. By using this contract, parties can protect their rights and clarify expectations, ultimately leading to smoother project execution.
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