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The Construction Contract form for construction cost plus with cost-plus pricing in Fairfax outlines the agreement between a Contractor and an Owner for a construction project. This form specifies the scope of work to be completed, details regarding the work site, and requirements for permits and insurance. It allows for flexibility in project costs, as the contractor's fee is based on actual costs plus a predetermined amount, enabling better budget control for owners. Users must fill out information such as the project description and payment terms. Important use cases are for attorneys drafting contracts, partners managing projects, and paralegals assisting with document preparation. It is an essential tool for both owners and contractors, ensuring clarity in roles, responsibilities, and financial expectations throughout the project's duration.
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
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