Contract Cost Plus Agreement For Construction In Cook

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

Description

The Contract Cost Plus Agreement for Construction in Cook serves as a vital legal document that outlines the responsibilities and agreements between a contractor and an owner regarding the construction of a project. Key features of this form include a detailed scope of work, the necessity of obtaining required permits, and stipulations regarding soil conditions and insurance coverage. Users are also guided on how to handle changes to the scope of work through written change orders, along with the payment structure, which can vary between cost plus and fixed fee arrangements. It ensures transparency about cost liabilities, particularly when changes occur during construction. The form addresses late payments, including potential penalties for delays, and limits the contractor's warranty on workmanship to one year. This agreement serves multiple roles within the legal and construction sectors, providing essential usability for attorneys, partners, owners, associates, paralegals, and legal assistants by helping them manage legal compliance and risk effectively throughout the construction process.