Cost Plus Contract With Example In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract with example in Fulton outlines the agreement between the contractor and owner regarding the construction of a residence. It stipulates that the owner will pay the contractor the actual costs of materials plus an agreed-upon fee for services, allowing for flexibility in project expenses. Key features include a detailed scope of work, responsibility for obtaining permits, and insurance requirements. The contract also addresses changes to the scope and potential additional costs due to unforeseen soil conditions. This document serves as a detailed guide for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects. Users are instructed to complete the form with precise details, particularly the financial terms and project specifications. The contract emphasizes the need for written change orders to ensure both parties agree on adjustments, ensuring transparency and limiting disputes. Utility for the target audience includes providing a clear structure for responsibilities and liabilities, minimizing risks associated with construction projects.
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FAQ
Contract Costs means the estimated costs of the extension, conversion, or modification of service.
Contract costing, also known as Terminal costing, is a form of specific order costing which applies where work is undertaken to customer's special requirements and each order is of long duration. It is a variant of job costing as each contract is nothing but a job completed.
