Cost Plus Construction Contract Example In Fairfax

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

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.