Construction Contract Cost Plus With Example In Florida
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Description
The Construction Contract Cost Plus with example in Florida outlines an agreement between a Contractor and an Owner for construction services based on actual costs incurred plus a specified fee. Key features include defining the scope of work, location of the project, responsibilities regarding permits, soil conditions, insurance requirements, and payment structure. Specifically, the cost plus model allows the Contractor to charge for actual material costs plus an additional amount agreed upon, which provides flexibility for adjustments during the project. Legal professionals such as attorneys, paralegals, and legal assistants will find this form useful for its clarity in outlining responsibilities and liabilities, making it easier to manage construction projects and protect their clients' interests. Changes to the scope of work must be documented through written Change Orders, ensuring all modifications are agreed on and compensated accordingly. This form also details provision for late payments and warranties for workmanship. Overall, it serves as a comprehensive guide for managing construction contracts in Florida, especially notable for its adaptability to various project scopes.
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