Cost Plus Construction Contract Example In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract example in Fairfax is designed for use between a contractor and an owner, outlining the agreement for a construction project. Key features include detailed sections on the scope of work, work site, permits, soil conditions, and insurance requirements, ensuring both parties understand their responsibilities. The contract allows for flexibility in project management, allowing owners to make changes to the scope of work through written Change Orders, while stipulating the cost structure based on actual expenses plus a contracted fee. Filling instructions highlight the necessity to specify both the project details and payment terms clearly. The document also includes provisions for late payments, default charges, and warranty conditions, which protect the interests of both parties. This contract is particularly useful for attorneys, partners, and owners involved in construction projects, as well as associates, paralegals, and legal assistants who may assist in contract preparation and revision. It provides a clear framework for legal obligations, risks, and financial responsibilities.
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FAQ
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.
The () defines the term as “a process in which the Owner contracts directly with one entity that is to provide both design and construction services.”
