Cost Plus Contract For Construction In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract for Construction in Franklin is a legally binding document between a contractor and an owner that outlines the responsibilities and compensation structure for construction projects. This contract specifies the scope of work, the work site, necessary permits, and insurance requirements. A key feature is the flexibility in the scope of work, allowing owners to request changes via written change orders. The contract utilizes a cost-plus payment method, where the owner agrees to pay for actual costs incurred by the contractor plus an additional fee. It also includes provisions for late payment penalties and warranty limitations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing clear legal frameworks for construction agreements. It serves as a reliable reference for identifying legal obligations and protecting the interests of both parties in construction projects.
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