Contract Cost Plus Agreement For Construction In Florida
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Description
The Contract Cost Plus Agreement for Construction in Florida is a comprehensive document that formalizes the agreement between a contractor and an owner for construction projects. This agreement stipulates the scope of work, work site details, and the requirement for necessary permits. It also addresses soil conditions, insurance provisions, and the requirement for a boundary survey and title opinion before construction begins. Key features include provisions for changes to the scope of work through written change orders, with owners responsible for any cost increases associated with those changes. The contract outlines the payment structure, allowing for either a cost-plus or fixed fee arrangement, detailing the payment process. Additionally, it specifies late payment penalties and limitations on the warranty provided by the contractor. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, as it ensures a clear understanding of responsibilities and potential liabilities. Proper completion and adherence to this form can help mitigate disputes and ensure compliance with Florida's construction regulations.
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FAQ
Generally, all construction contracts in Florida must contain are required to disclose the contractor or subcontractor's registration number issued by the Florida DPBR; if required. Furthermore, all construction contracts should also include a construction defect notice and opportunity to cure provisions.
