Construction Cost Plus With Showtime In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Plus with Showtime in Contra Costa document is a contract that outlines the agreement between a contractor and an owner for the construction of a residential project. Key features include a detailed scope of work, specifications for the work site, permit acquisition responsibilities, and provisions regarding soil conditions and insurance requirements. The contractor is required to apply for permits and must maintain appropriate insurance coverage. Changes to the project can be made via written change orders, with costs borne by the owner. Payment terms are specified, allowing for either a cost-plus fee or a fixed fee arrangement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it sets clear expectations and guidelines for construction projects, helping to mitigate disputes and clarify responsibilities. It ensures a structured approach to contractual obligations and is essential for those involved in real estate or construction law.
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FAQ
A Fixed Bid project is billed using a flat amount, regardless of the number of hours worked. This flat amount can be applied to the project as a whole, or to each week or month of the project.
The percentage of completion method is a revenue recognition accounting concept that evaluates how to realize revenue periodically over a long-term project or contract. Revenue, expenses, and gross profit are recognized each period based on the percentage of work completed or costs incurred.
