Construction Cost Plus With Example In Fulton

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

Description

The Construction Contract outlines the terms and conditions between a Contractor and an Owner, focusing on the construction project defined under a 'cost plus' pricing model. In the City of Fulton, this contract allows the Owner to pay the actual cost of materials plus an additional specified fee for the Contractor's services, providing flexibility in project expenses. Key features include a detailed scope of work, permit acquisition responsibilities, and stipulations for additional site work based on soil conditions. The contract also allows for changes in project scope through written 'Change Orders,' which may incur additional costs. It emphasizes the importance of insurance coverage, including general liability and worker's compensation, protecting both parties. Filling and editing instructions emphasize the need for clarity in specifying the project location and any alterations to the initial agreements. This form serves various stakeholders including attorneys, owner partners, associates, and paralegals by ensuring all legal bases are covered and responsibilities are clearly outlined, thus reducing potential disputes and misunderstandings during construction.