Cost Plus Contract And Gst In Chicago

• Category: Construction - Contractors
• State: Multi-State
• City: Chicago
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Contract and GST in Chicago form is designed for use in construction agreements between a contractor and an owner. This contract allows the owner to pay the contractor for actual costs incurred plus a specified fee for services. Key features include the identification of the scope of work, work site details, and the requirement for permits and insurance. This form emphasizes understanding soil conditions and allows for changes to project specifications via written change orders. It also sets terms for late payments and warranties for workmanship defects. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate or construction projects, as it helps ensure all parties are clear on obligations and safeguards against potential liabilities. Filling out the form requires attention to detail, particularly in cost estimations and project specifications, ensuring proper completion to avoid disputes.