Contract Cost Plus Agreement With Us In Georgia

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

Description

The Contract Cost Plus Agreement with us in Georgia is designed for construction projects, detailing the obligations and responsibilities of both the contractor and owner. This form establishes a clear scope of work, specifying the labor and materials needed for the project. It requires the owner to provide a boundary survey and title opinion before work begins. The contractor is responsible for obtaining necessary permits, while the owner must bear any additional costs due to soil conditions. Key features include the cost compensation structure—owners pay actual costs for materials plus a predefined fee or a fixed sum. The agreement also addresses late payments, specifying a 1% charge on overdue amounts. A limited warranty on workmanship is offered, covering defects for one year. This form is particularly useful for attorneys, partners, and associates engaged in real estate or construction law, as it provides a robust framework for agreements, clarifying financial responsibilities and project expectations. Paralegals and legal assistants will find it beneficial for assisting in the drafting and review processes, ensuring compliance with local regulations.