Cost Plus Contract In Construction In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Construction in Hennepin is a specialized agreement between a contractor and an owner that outlines the terms of payment based on the actual costs incurred by the contractor, plus a predetermined fee for their services. This type of contract is particularly beneficial in construction projects where costs may fluctuate due to various factors such as material prices or labor rates. Key features of the form include a defined scope of work, responsibility for permits, soil condition disclaimers, and provisions for changes to the work. Filling out the form requires detailing the project specifications and identifying the payment structure, either cost plus or fixed fee. Importantly, late payment penalties and warranty details for workmanship are articulated within the contract. This document serves as a valuable tool for attorneys, partners, and owners involved in construction projects, providing clarity on financial arrangements and legal responsibilities. Paralegals and legal assistants will benefit from the straightforward instructions for modifying the form as needed for specific projects, ensuring compliance with local regulations.
Free preview
