Contract Cost Plus Form With 2 Points In Florida
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Description
The Contract Cost Plus Form with 2 Points in Florida is designed for construction projects, outlining the agreement between the Contractor and Owner. This form specifies the scope of work, work site, and the responsibilities of both parties, including requirement for permits and insurance. A notable feature is its cost-plus pricing structure, which allows the Owner to pay the actual costs incurred by the Contractor, plus an additional fee. It is essential for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants to understand the implications of contract changes and additional costs that may arise. The form requires clear communication, as any changes to the scope of work must be documented through written change orders. Filling and editing instructions emphasize clarity in outlining payment structures and indemnification clauses. This form is particularly useful for managing expectations and liabilities throughout the construction project, ensuring all parties have a mutual understanding of their roles and responsibilities.
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Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •
