Contract Cost Plus Form Template With Drop Down Menu In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form Template with drop down menu in Hennepin is designed for clear communication between contractors and project owners regarding the financial terms of construction projects. This form allows users to specify a cost-plus payment structure, ensuring that owners compensate contractors for actual material costs alongside a fixed fee for labor. It includes sections for defining the scope of work, work site, necessary permits, and conditions relating to soil and insurance. Users can easily fill out the drop-down options to customize their agreement based on project specifics. This template is particularly beneficial for attorneys, partners, and owners who need a solid foundation for managing construction contracts, ensuring legal compliance and financial clarity. Associates, paralegals, and legal assistants will find it useful for streamlining contract preparation and enhancing communication between parties. The form emphasizes the necessity of written change orders for any modifications, thus protecting all involved parties. Overall, it serves as an effective tool for minimizing disputes and clarifying expectations in construction projects.
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FAQ
FAR 16.306. It provides for two types of CPFF contracts: the Completion type, which has a “definite goal or target and specifies an end product,” and the Term type, which “obligates the contractor to devote a specified level of effort for a stated time period.”
