Cost Plus Contract For Contractors In Fairfax

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

Description

The Cost Plus Contract for Contractors in Fairfax is a legal document that establishes an agreement between a contractor and owner regarding the construction of a residence. This contract specifies that the owner will pay the actual costs incurred by the contractor for materials, plus an agreed-upon fee for services rendered. Key features include a detailed scope of work, provisions for obtaining necessary permits, and a clear method for handling changes to the work outlined in the contract. Additionally, the contractor is responsible for maintaining specific insurances and requires that the owner provides a boundary survey and title opinion before commencement. The contract outlines responsibilities regarding soil conditions, late payment penalties, and warranty details for workmanship. This form is particularly useful for attorneys, partners, and owners engaged in construction projects, as it facilitates clear communication of terms and obligations. Paralegals and legal assistants can utilize this document for drafting purposes and ensuring compliance with legal standards, while associates can apply it in client consultations to explain contractual responsibilities and rights.