Contract Cost Plus Form Template With Percentages In Chicago

State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Contract Cost Plus Form Template with Percentages in Chicago is a detailed legal document that outlines the agreement between a contractor and an owner for construction projects. It specifies the scope of work, including labor and materials needed for the project, along with the work site details and any necessary permits. Special emphasis is placed on contract costs, allowing owners to pay contractors for actual costs incurred in performing services, supplemented by an agreed-upon fee. This template includes provisions for changes to the scope of work via written Change Orders and outlines late payment penalties. It also emphasizes the importance of insurance coverage for liability and workers' compensation. For attorneys, paralegals, and legal assistants, this form serves as a practical tool for creating clear, legally binding agreements that protect the rights of both parties. It is particularly useful for construction project owners and contractors in Chicago, ensuring all critical aspects of the work and financial arrangements are well-documented.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

For example, instead of writing “45 days”, an attorney would write “forty-five (45) days”. Sometimes, attorneys even use this method in writing out dollar amounts (e.g., “five thousand two hundred and 00/100 Dollars ($5,200.00)”) or percentages (e.g., “seventy-five percent (75%)”).

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Contract Cost Plus Form Template With Percentages In Chicago