Cost Plus Contract In Simple Words In Florida
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Description
A Cost Plus Contract in Florida is a type of construction agreement where the owner pays for the actual costs incurred by the contractor, plus an additional fee. This form is useful for ensuring transparency in construction expenditures, as it outlines all costs related to construction. Key features include a clear definition of scope, site location, permitting responsibilities, and conditions regarding soil issues. The contractor must secure necessary permits, and any changes to project scope must be documented through a written change order. This contract format allows for flexibility, as costs can adjust for changes throughout the project. Filling out the form involves providing specific information about the project scope, payment terms, and any applicable changes. This contract is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides a clear framework for liability, insurance requirements, and payment schedules.
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