Cost Plus Building Contract With Contract

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Building Contract with contract is a comprehensive agreement designed for construction projects, where the contractor is reimbursed for actual costs incurred plus an additional fee. The document outlines the scope of work, specifying that the contractor must provide all necessary labor and materials for the project. It details the work site and the responsibility for obtaining necessary permits, placing the onus on the contractor while stipulating that costs for permits will be borne by the project. Soil conditions at the work site are explicitly noted as the owner's responsibility, including any additional expenses for site modifications. The contract also contains provisions for insurance, requiring the contractor to maintain adequate coverage and indemnify the owner from claims. Importantly, it allows for changes to the scope of work through written change orders, with the owner obligated to cover any cost increases resulting from such changes. Payment terms include late fees and emphasize the contractor's limited warranty on workmanship for one year. This contract is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in building projects, offering clarity on roles, responsibilities, and financial obligations.