Contract Cost Plus Form With Cost Of Goods Sold In Florida

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

Description

The Contract cost plus form with cost of goods sold in Florida allows owners and contractors to clearly outline their agreement regarding the construction of a project. This form details the scope of work, work site, necessary permits, and conditions related to soil and insurance. A key feature of this form is the cost plus payment structure, where the owner agrees to pay for actual costs incurred by the contractor plus a fixed fee for services. This form emphasizes the need for proper documentation of changes made during construction, which must be established through a written Change Order. It also specifies the late payment penalties for overdue invoices. The contract reinforces warranty limitations on workmanship defects and assigns material warranties to the owner. Legal professionals, such as attorneys and paralegals, will find this form useful in facilitating clear communication and ensuring compliance with Florida laws regarding construction contracts. Owners and partners can utilize this form to protect their interests and set clear expectations with contractors.