Contract Cost Plus Agreement With Us In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with Us in Cook outlines the terms between the Contractor and Owner regarding the construction of a residence. Key features include the scope of work, work site details, permit responsibilities, and insurance obligations. The form specifies that the Owner agrees to pay the Contractor for the actual costs of materials plus an additional fee for services, emphasizing transparency in billing. It allows for changes in the project scope through written 'Change Orders' and details late payment penalties and warranty limitations. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for construction projects, ensuring that all parties understand their roles and responsibilities. Filling and editing this form requires careful attention to details like project specifications and site conditions to avoid potential disputes.
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FAQ
A Time & Materials project is billed based on the number of hours worked, at the hourly, daily, or monthly fixed billing rates assigned for that project. A Fixed Bid project is billed using a flat amount, regardless of the number of hours worked.
