Cost Plus Contract In Project Management In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in project management in Hennepin is a legal document detailing the agreement between a contractor and an owner regarding the construction project. This contract stipulates that the owner will pay the contractor for actual costs incurred plus an additional fee. Key features include defining the scope of work, specifying the work site, establishing permit responsibilities, and outlining insurance requirements. It also allows for changes to the project scope through written change orders, with costs adjusted accordingly. The contractor's fee can either be cost-plus or fixed fee, and the document includes provisions for late payment charges and warranty limitations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects. It serves as a clear framework for construction contracts, ensuring both parties understand their obligations and reducing the risk of disputes.
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