Construction Cost Plus With Cost-plus Pricing In Florida
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Description
The Construction Contract is a formal agreement between a Contractor and an Owner for the construction of a residential project in Florida, utilizing cost-plus pricing. This form outlines key elements such as the scope of work, work site details, permits, soil conditions, insurance requirements, and change order procedures. Notably, the contract incorporates a cost-plus fee structure, where the Owner compensates the Contractor for actual material costs plus a specified fee. Key features include provisions for late payments and a warranty covering defects in workmanship for one year. The form is beneficial for various legal professionals, including Attorneys and Paralegals, by providing a clear template that facilitates negotiating terms and ensuring compliance with local laws. For Owners, it offers clarity on project costs and responsibilities, while also allowing necessary flexibility for changes during construction. Overall, the document supports effective communication and understanding among all parties involved in construction projects.
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