Contract Cost Plus Agreement Format In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement Format in Cuyahoga is designed for construction projects, setting clear expectations between the Contractor and Owner. This contract outlines essential elements such as the scope of work, work site, and the responsibility for permits and soil conditions. A key feature of this agreement is the cost-plus payment structure, where the Owner pays for the actual costs incurred by the Contractor for materials, along with a specified fee for services rendered. This format allows flexibility for changes in the project scope through written change orders, ensuring that all modifications are documented and agreed upon. The contract emphasizes the need for the Contractor to maintain insurance and requires the Owner to provide a boundary survey and title opinion before construction begins. It also specifies late payment penalties and warranty terms for workmanship, safeguarding both parties' interests. This agreement caters specifically to attorneys, partners, owners, associates, paralegals, and legal assistants who require clarity and security in construction contracts, ensuring they are well-informed about their obligations and rights under this cost-plus structure.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
