Construction Cost Contract Plus With Example In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with example in Hennepin outlines the agreement between a contractor and an owner for the construction of a residence. It details the scope of work, the work site, and the contractor's responsibilities, including obtaining necessary permits and addressing soil conditions. Key features include options for cost-plus or fixed fee payment structures, provisions for changes to the scope of work, and warranty limitations on workmanship. This form is particularly useful for attorneys, partners, and owners who are involved in real estate transactions, as it provides a clear framework for construction agreements. Paralegals and legal assistants can utilize this form to assist in drafting and editing contracts, ensuring compliance with local regulations. The structure of the form supports transparency and accountability by detailing responsibilities and expectations, which is crucial for all parties involved in the contract.
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FAQ
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.
Contract Costs means the estimated costs of the extension, conversion, or modification of service.
