Cost Plus Construction Contract With Example In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract is a legal document used to outline the agreement between a contractor and an owner for a construction project. In the context of Cook, this contract allows the owner to pay the actual cost of materials plus an additional fee for the contractor's services. Key features include the scope of work, work site description, permit responsibilities, and provisions for changes in project scope. Filling instructions emphasize the need for clear descriptions of the project plans, site specifics, and agreed payment terms. The form is particularly useful for attorneys who need to draft clear contracts, as well as partners and owners who are entering into construction agreements. Associates, paralegals, and legal assistants can benefit from understanding the structured approach to documenting roles, responsibilities, and potential liabilities. This contract protects all parties by outlining insurance needs, late payment penalties, and warranties for work performed, ensuring a transparent and collegial approach to project management.
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