Cost Plus Contract In Construction In Florida
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Description
The Cost Plus Contract in construction in Florida is a vital document that outlines the agreement between a contractor and an owner for construction projects. This contract focuses on a payment structure where the owner agrees to pay the actual costs incurred by the contractor for materials and labor, plus an additional fee for the contractor's services. Key features include a clear scope of work, requirements for permits, specifications regarding soil conditions, and insurance responsibilities. The form also provides provisions for changes to the project scope through written change orders, ensuring both parties are informed about potential cost increases. Filling out the form requires entering specific details related to the project, including the actual costs and the agreed-upon fee. This contract is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction, as it ensures legal compliance and accountability throughout the construction process. By utilizing this form, users can mitigate risks associated with construction projects and maintain clear communication about costs and responsibilities.
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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.
