Cost Plus Fee Construction Contract In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Fee Construction Contract in Franklin is designed to clearly outline the responsibilities and obligations of both Contractor and Owner in a construction project. This contract specifies the scope of work, site details, required permits, and the insurance that Contractor must maintain. One of its defining features is the cost-plus fee structure, allowing the Owner to pay the actual costs incurred by the Contractor plus an agreed-upon fee for services rendered. Additionally, it includes clauses for late payment, default, and changes to the scope of work through written change orders. This document caters to a wide range of users, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides necessary legal protections and clarity on project costs. Legal professionals can use this contract to ensure compliance with local regulations and safeguard their clients' interests, while other users find it beneficial for managing construction projects efficiently. Providing a comprehensive basis for addressing soil conditions, insurance, and warranties, this form is an essential tool for anyone involved in the construction process.
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