Cost Plus Contract In Project Management In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in project management in Franklin outlines the financial responsibilities and project deliverables between a contractor and an owner. This contract allows the owner to pay the contractor for the actual costs incurred plus a specified fee for their services. Key features of the form include detailed sections on the scope of work, site conditions, necessary permits, and provisions for changes in project scope through written change orders. Users should fill in specific details such as the project description and payment structure. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for managing agreements and responsibilities. The document's instructions ensure that all parties understand their roles and obligations, enhancing transparency and reducing potential disputes. Additionally, the contract includes clauses regarding insurance, late payments, and warranties to protect both parties throughout the project lifecycle.
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FAQ
Definition. A contract where the contractor recovers actual costs incurred for completed work.
