Cost Plus Contract In Costing In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Costing in Cook is a construction contract that outlines the agreement between the Contractor and the Owner for residential construction services. The contract specifies the scope of work, detailing the labor and materials required for the project as per the Owner's specifications. Key features include provisions for obtaining necessary permits, managing soil conditions, and insurance requirements. The contract allows for changes to the scope of work through written Change Orders, with associated costs to be borne by the Owner. The payment structure is defined as a cost-plus agreement, where the Owner pays for actual construction costs plus a predetermined fee. Late payment penalties and a limited warranty for workmanship are also included. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction, as it provides a clear framework for managing financial and legal obligations effectively.
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