Construction Cost Plus With Showtime In Cook

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

Description

The Construction Cost Plus with Showtime in Cook contract outlines the essential terms and conditions between the Contractor and Owner for a construction project. It details the scope of work to be undertaken, which includes labor and materials according to the specified plans. The contract specifies the work site and requires the Contractor to obtain necessary permits at the Owner's expense. It clarifies that the Contractor is not responsible for soil conditions, shifting liability for any additional excavation or grading costs onto the Owner. Insurance requirements, boundary surveys, and title opinions are mandated to protect both parties. Modification of the project scope is permitted through written Change Orders, with an associated increase in project costs. The Contractor is compensated based on actual costs plus a specified fee, allowing flexibility in budgeting. Additionally, the contract includes terms regarding late payments and warranty conditions for workmanship. This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants, as it assists in structuring clear agreements that mitigate risks and outline responsibilities in construction projects.