Contract Cost Plus Form With Decimals In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form with Decimals in Chicago is a crucial document used primarily in construction agreements between contractors and owners. This form outlines the scope of work, work site details, required permits, soil conditions, insurance obligations, and warranty information. Notably, it includes sections for detailing the costs associated with the project, allowing owners to pay contractors for actual costs incurred plus an additional fee. This transparent cost structure is useful for establishing a clear understanding of financial expectations. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form particularly valuable as it provides a comprehensive framework for managing construction projects while ensuring compliance with local regulations. When filling out the form, users should ensure accuracy in entering project details, costs, and necessary signatures. Amendments to the scope of work can be added via written change orders, enhancing flexibility throughout the construction process. The form also addresses payment timelines and late fees, which helps protect the financial interests of both parties.
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FAQ
Monetary Amounts Writers should draft monetary amounts as numerals, with the currency symbol preceding the amount: Correct: The settlement amount was $500,000. Incorrect: The settlement amount was five hundred thousand dollars.
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%)”).
