Contract Cost Plus Agreement With Us In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with us in Chicago outlines a formal agreement between a Contractor and an Owner regarding construction services. This document defines the scope of work, work site, and the responsibilities of both parties concerning permits, insurance, and soil conditions. A notable feature is the Cost Plus structure, where the Owner agrees to pay the actual cost of materials plus a set fee for services. This agreement also allows for changes in the scope of work, requiring written 'Change Orders' to address modifications. Filling out the form requires accuracy in providing project specifics, payment terms, and notice for any changes. It serves essential use cases for attorneys, partners, owners, associates, paralegals, and legal assistants working in construction law or real estate transactions. This form promotes clarity and minimizes disputes by addressing key issues such as payment terms, late fees, and warranties.
Free preview
Form popularity
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.
