Cost Plus Construction Contract With Example In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract is a legal document used between a contractor and owner for residential construction projects, particularly in Fairfax. In this contract, the owner agrees to pay the actual cost of materials incurred by the contractor, plus an agreed-upon sum for their services. Key features include defining the scope of work, specifying the work site, and outlining responsibilities regarding permits and insurance. The form allows for modifications to the project through written change orders, ensuring transparency in costs. It is particularly useful for attorneys, partners, and owners by providing a clear, structured approach to construction agreements. Paralegals and legal assistants will find it valuable for understanding contract terms and managing compliance with local regulations. Specific use cases include remodeling projects, new constructions, or any situation where project costs may vary. The document clarifies expectations and responsibilities, minimizing potential disputes during the construction process.
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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.
