Cost Plus Contract Types In Florida

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

Description

The Cost Plus Contract types in Florida are designed to provide flexibility in construction agreements, allowing the owner to pay the contractor for the actual cost of materials along with an additional fee for services. Key features of this form include outlining the scope of work, specifying the work site, and detailing the contractor's responsibilities regarding permits and insurance. The contract allows for changes in the scope of work through written Change Orders, ensuring that both parties are aware of potential cost increases arising from modifications. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly defines the financial responsibilities and expectations of each party, while also protecting their interests. Users must fill in specific project information such as the contractor's and owner's details, scope of work, payment terms, and change order clauses. It's critical for users to read and understand the contract, especially sections regarding late payments and warranties. This form serves construction projects where the actual costs may vary, providing a transparent approach to managing construction expenses.