Contract Cost Plus Agreement For Construction In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement for Construction in Franklin is a formal document that outlines the responsibilities between a contractor and an owner for a construction project. It details the scope of work, specifying the construction of a residence along with its necessary plans and specifications. Key features include the definition of the work site, the obligation of the contractor to obtain required permits, and the management of soil conditions. The agreement stipulates that any additional work due to soil issues or site conditions will incur extra costs to the owner. Insurance coverage requirements and liability protections for both parties are also clearly stated. The form allows for modifications through written change orders, ensuring any changes incur a cost to the owner that will be agreed upon. The payment structure is flexible, offering both a cost-plus method and a fixed fee option for contractor services. This agreement is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the construction field, providing a clear framework for legal and financial responsibilities and helping to mitigate disputes by setting explicit terms and conditions.
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FAQ
CCDC contracts are ubiquitous in the construction industry. They are used for all manner of different project types and sizes, so much so that familiarity with these documents is almost becoming required to do business in Ontario's construction industry. There are currently around 14 types of CCDC format contracts.
The CCA specifically handles documents affecting the contractor to sub-contractor relationships while the CCDC documents typically handle contractor to owner relationships. Contracts Covered: CCA 1.
