Cost Plus Construction Contract Example In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract example in Fulton outlines a contractual agreement between a contractor and an owner for the construction of a residential project. Key features include a detailed scope of work, the work site location, and provisions for permits and soil conditions, highlighting that the contractor bears no responsibility for soil issues. The contract allows for changes to the scope of work via written change orders, ensuring the owner covers additional costs incurred. It specifies that the owner's payment to the contractor will be based on actual costs plus a predetermined fee, emphasizing transparency in pricing. Additionally, it includes clauses on late payment penalties and warranties provided by the contractor. This form serves various legal professionals, including attorneys and paralegals, who may use it to facilitate contractual negotiations, ensure compliance with legal requirements, and protect client interests. Owners can leverage this contract to establish clear expectations and protect their investments, while associates and partners may find it useful in supporting project management and oversight.
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FAQ
How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
