Construction Cost Plus With Cost-plus Pricing In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract outlines the agreement between a Contractor and an Owner for a construction project in Cuyahoga, focusing on a cost-plus pricing model. Key features include a detailed scope of work, specific site location, and the requirement for the Contractor to obtain necessary permits. The Contractor is not liable for soil conditions, and any additional costs arising from such circumstances fall to the Owner. Insurance responsibilities are established, and changes to the scope of work must be documented through written change orders, with costs being adjustable accordingly. The pricing structure allows for either a cost-plus arrangement, where the Owner pays for actual costs incurred plus a set fee, or a fixed fee option. Late payment penalties and warranty conditions are also specified. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides clarity on legal obligations, cost management, and risk allocation, ensuring a smooth project execution.
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