Types Of Construction Contracts Cost Plus In Florida

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

Description

The document is a Construction Contract designed for use in Florida, specifically outlining types of construction contracts such as cost plus agreements. This contract establishes the relationship between the Contractor and Owner, detailing the scope of work, project site, and responsibilities related to permits and insurance. The cost plus structure allows the Owner to pay for the actual costs incurred by the Contractor for materials, plus an additional fee for services, providing flexibility in budgeting as project needs arise. Key features include explicit obligations regarding soil conditions, change orders, late payment penalties, and warranties on workmanship and materials. The form is useful for attorneys, partners, and project managers who need to ensure clear agreements are in place between parties involved in construction projects. Paralegals and legal assistants can benefit from understanding the structure and terms of the contract to assist in preparation and compliance, while owners benefit from knowing their rights and obligations under this arrangement. Clear filling instructions should emphasize the importance of accurate project descriptions and timely change order documentation.