Sample Of Cost Plus Contract For Construction In Florida
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The Sample of Cost Plus Contract for Construction in Florida outlines key terms and conditions governing a construction project between a contractor and an owner. It specifies the scope of work, which includes all labor and materials required to complete a residence as depicted in the submitted plans and specifications. The contract mandates the owner to provide necessary permits and confirms that the contractor is exempt from liability regarding soil conditions at the work site. It also stipulates that changes in the scope of work must be made through written change orders, with additional costs borne by the owner. The contractor's fee is adaptable, allowing for either a cost plus arrangement or a fixed fee payment, reflecting the actual project costs plus a predefined sum. A late payment clause imposes consequence charges, and a limited warranty for one year covers workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction contracts, as it provides a clear structure for agreements and responsibilities within construction projects in Florida.
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The three general categories of costs included in manufacturing processes are direct materials, direct labor, and overhead. Note that there are a few exceptions, since some service industries do not have direct material costs, and some automated manufacturing companies do not have direct labor costs.
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.
