Cost Plus For Construction In Clark

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

Description

The Cost Plus for Construction in Clark form is designed to facilitate agreements between contractors and owners for construction projects where costs are reimbursed plus an additional fee. This form outlines critical aspects, such as scope of work, worksite identification, and permits needed for the project. It clarifies the contractor's responsibility regarding soil conditions and insurance requirements to protect both parties. Additionally, the form includes provisions for change orders, ensuring that any modifications to the project scope are documented and signed, with the owner agreeing to cover any additional costs incurred. The document specifies the contractor's fee structure, highlighting the cost-plus arrangement, which allows for reimbursement of actual costs plus a specified sum for services. Late payment penalties are also established to encourage timely payments. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction contracts, as it provides a clear framework for contractual agreements and protects the interests of both parties while ensuring compliance with legal and regulatory requirements.