Cost Plus Contract In Building In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Building in Cook is a comprehensive legal document designed for use between contractors and property owners for construction projects. This contract specifies that the owner pays the contractor for all actual costs incurred, plus an additional fee for their services, which can be outlined clearly in the agreement. Key features include the scope of work, site details, necessary permits, and conditions related to soil and soil-related expenses. It allows for changes in the scope of work through written change orders, ensuring both parties agree on any cost implications. The contract also outlines late payment penalties and warranty terms for defects in workmanship. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as an essential tool for clear communication and legal protection, minimizing disputes over costs and responsibilities. When filling out the form, careful attention should be paid to specifying costs and any necessary modifications to ensure all parties have a mutual understanding of expectations and obligations.
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