Cost Plus Contract In Costing In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Costing in Franklin is a contractual agreement where the Owner compensates the Contractor for actual costs incurred along with an additional fee for services. This form outlines key features such as the scope of work, work site specifications, permit responsibilities, soil conditions, insurance requirements, and conditions for changes to the project scope. It emphasizes the Owner's responsibilities, including providing surveys and title opinions prior to construction. Additionally, the contract stipulates payment terms, including provisions for late payments and default situations, as well as a warranty clause for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, ensuring compliance and clarity in cost management. By using this form, professionals can effectively document agreements and protect their interests while navigating construction-related legalities.
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FAQ
Uncertain Scope: If the project scope is likely to change, a CPIF contract provides the flexibility to adjust costs and incentives ingly.
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.
