Cost Plus Construction Contract Example In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract example in Chicago is a legal document designed to outline the agreement between a contractor and an owner for construction services. This contract emphasizes the cost-plus payment structure, wherein the owner reimburses the contractor for actual costs incurred plus a specified fee. Key features include a detailed scope of work, work site specifications, permit requirements, and soil condition disclosures, ensuring clarity on responsibilities. Additionally, the contract provides provisions for changes in the scope of work through written change orders, along with clear terms for payment, late payment penalties, and warranties. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it establishes a legal framework that protects all parties involved. Users should fill in the necessary details, including the contractor's fee and project specifications, to customize the contract for their needs. Understanding this form is essential for ensuring a smooth construction project and mitigating potential legal disputes.
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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.
