Cost Plus Contract In Building In Georgia
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Description
The Cost Plus Contract in Building in Georgia is designed for use between a Contractor and an Owner to establish the terms for construction projects. This document outlines the responsibilities of both parties, including the scope of work, work site location, and the need for necessary permits. A key feature of this contract is the cost-plus structure, allowing the Owner to pay for the actual costs incurred by the Contractor plus a predetermined fee, which provides flexibility in project budgeting and payment adjustments. The contract emphasizes the importance of written change orders for any modifications to the project scope and clarifies insurance responsibilities. It is relevant for various legal professionals, including attorneys who may draft or review the contract, partners and owners who negotiate terms, associates and paralegals who assist in contract management, and legal assistants who help with documentation. Users should fill in specific details such as the names of the parties involved, project location, and fee structures, ensuring clarity and mutual understanding of the project requirements and obligations.
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