Cost Plus Contract In Building In Florida

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

Description

The Cost Plus Contract in building in Florida is a formal agreement between the contractor and owner where the owner pays the actual costs of materials plus an additional fee for services rendered. This document outlines essential components such as the scope of work, work site, permits, soil conditions, insurance requirements, and procedures for owner-initiated changes. It mandates that the contractor must procure necessary permits and provides criteria for addressing unforeseen soil conditions. Clear stipulations regarding payment terms, including late payment penalties, are included, ensuring financial clarity. This contract also contains warranties limited to workmanship defects for one year post-completion. The form is particularly useful for attorneys, partners, owners, and project managers who require a structured agreement that defines responsibilities and liabilities in construction projects. Paralegals and legal assistants can utilize the form to facilitate accurate documentation and compliance, while ensuring that all parties understand their obligations and rights under the contract.