Cost Plus In Construction In Franklin

• Category: Construction - Contractors
• State: Multi-State
• County: Franklin
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract template outlines the terms for constructing a residence between a Contractor and Owner, focusing on a cost-plus payment structure in Franklin. This contract specifies the scope of work, including labor and materials necessary for the project, and it establishes the construction site. One of the key features is the cost-plus fee arrangement, where the Owner agrees to pay the Contractor the actual costs of materials plus a specified fee for their services. The contract also addresses responsibilities related to permits, soil conditions, insurance requirements, and necessary surveys. Owners have the flexibility to modify the scope of work through written Change Orders, with any additional costs being agreed upon. For attorneys, partners, and owners, this form serves as a comprehensive legal framework, ensuring that all parties understand their responsibilities and mitigates risks associated with the construction project. Paralegals and legal assistants can utilize this template to facilitate the filling and editing processes by ensuring compliance with legal standards and construction practices.