Cost Plus Contract In Project Management In Georgia
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Description
The Cost Plus Contract in project management in Georgia is designed for use between a contractor and an owner, outlining the scope of work and associated costs for the construction of a project. This contract specifies that the owner will pay the contractor for actual costs incurred for materials, plus an additional fee, ensuring transparency and alignment on project expenses. It includes provisions for changes to the work scope, permits required for construction, and the contractor's responsibility for insurance. Key sections also address late payments and warranty terms, thus providing clear expectations for both parties. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it presents a straightforward framework for managing construction projects while protecting legal rights and responsibilities. Users are guided on altering the scope via written change orders, promoting efficient communication. The clarity of the stipulated payment structures and guidelines minimizes potential disputes, making it a practical tool in the construction realm.
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