Cost Plus Contract And Gst In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract and GST in Fairfax outlines the agreement between a contractor and an owner for construction work based on the actual cost of materials plus a predetermined fee. Key features include the scope of work detailing the specific project requirements, work site responsibilities, and necessary permits. Users must provide a boundary survey and title opinion before starting construction, ensuring legal compliance. The form allows for modifications through written change orders, highlighting the adaptability needed in construction projects. A late payment clause imposes a 1% charge on overdue payments, stressing the importance of punctuality in financial dealings. The contractor's fee can be calculated using either a cost plus or fixed fee structure, catering to different project scales. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require clarity in contractual agreements and insight into liability and payment structures. By facilitating clear communication and expectations, this document serves as a vital tool for managing construction projects efficiently in Fairfax.
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FAQ
Fairfax County sales tax details This is the total of state, county, and city sales tax rates. The Virginia sales tax rate is currently 4.3%. The Fairfax County sales tax rate is 1.0%.
Section 4-7.2-1. (B) Gross receipts do not include revenues that are attributable to taxable business activity conducted in another jurisdiction within the Commonwealth of Virginia and the volume attributable to that business activity is deductible pursuant to Code of Virginia Sections 58.1-3708 and 58.1-3709.
Sales and Use tax General Sales: Virginia - 4.3%; Fairfax County - 1%; plus an additional 0.7% state tax for transportation.
