Cost Plus Contract For Construction In Florida

State:
Multi-State
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Cost plus contract for construction in Florida is designed for agreements where the owner reimburses the contractor for actual expenses plus a fee for profit. This document includes key features such as the scope of work, work site specifications, insurance requirements, and provisions for changes in the project. Contractors must apply for necessary permits, while owners need to provide a boundary survey and title opinion before construction begins. The contract stipulates payment terms, including how additional costs from changes in the project will be handled. It also includes a late payment fee and warranty limitations, ensuring clarity on liability for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants managing construction projects, as it outlines essential elements for accountability and financial dealings while adhering to Florida construction regulations.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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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.

There are three elements that must be present for a contract to exist: offer, acceptance and consideration. The first step to a contract is an offer. An offer is a written or spoken statement by one of his or her intention to be held to a commitment upon acceptance of the offer.

Chapter 558 of the Florida Statutes broadly governs “construction disputes.” The Statute generally requires that owners (i.e., associations) provide a pre-suit notice to developers, contractors, subcontractors, material suppliers and/or design professionals before the commencement of legal action against any of the ...

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Cost Plus Contract For Construction In Florida