Construction Cost Plus Withdrawal In Florida

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

Description

The Construction Contract template outlines the agreement between a Contractor and Owner for a residential construction project in Florida, emphasizing a cost-plus withdrawal payment structure. Key features include detailed sections on the scope of work, work site, and permitting responsibilities. It requires the Contractor to address soil conditions and establishes insurance obligations to protect both parties. The form allows the Owner to request changes to the project via written change orders, with costs being adjustable based on these modifications. A significant component is the Contractor's fee, which stipulates payment for actual costs plus a specified amount for services. This provides clarity on payment procedures and consequences for late payments. The warranty clause limits the Contractor's liability concerning workmanship defects. This form is particularly beneficial for legal professionals such as attorneys, paralegals, and legal assistants, who may assist in drafting or reviewing such contracts, ensuring compliance with local laws, and protecting clients' interests during construction projects.