Cost Plus In Construction In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract is designed for use in Cook and addresses the Cost Plus method in construction. This approach requires the Owner to pay the Contractor for actual material costs plus a predetermined sum for services rendered. Key features of the form include a detailed scope of work, provisions for permits, and responsibilities regarding soil conditions at the work site. The contract also outlines the process for changes in the scope of work through written Change Orders, along with payment terms including late payment penalties. Filling out the form requires the Owner to specify the construction details and costs associated with the project. This document serves as a valuable resource for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects by providing a clear structure for contractual obligations. It enhances legal understanding and reinforces accountability between all involved parties. Overall, the Construction Contract is tailored to facilitate effective communication, project management, and financial planning in ongoing residential projects.
Free preview
