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The Contract Cost Plus Agreement with us in Fulton is a legal form that outlines the terms between a contractor and an owner regarding construction work. It emphasizes the contractor's responsibility for providing labor and materials for the project as per specified plans and locations. Key features include provisions for permits, insurance requirements, and conditions related to soil and site work. The agreement allows for changes in the scope of work through written change orders, with costs to be agreed upon by both parties. The contractor's fee can be structured as either cost-plus or fixed fee, ensuring transparency in payment. Late payments incur a fee, and warranties are limited to workmanship defects for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing construction contracts, potential disputes, and financial agreements.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
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