Cost Plus Contract Types In Hennepin

• Category: Construction - Contractors
• State: Multi-State
• County: Hennepin
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract for Cost Plus Contract Types in Hennepin outlines the agreements between the Contractor and the Owner for a residential project. This contract is characterized by its flexibility, allowing the Owner to pay for the actual costs of materials plus a defined fee for the Contractor's services. Key features include the requirement for the Contractor to obtain necessary permits, the scope of work defined at the Work Site, and provisions for adjusting the project scope through written Change Orders. Filling instructions emphasize the need for precise details regarding the project and any changes made during construction. Additionally, the contract includes stipulations for late payments, insurance, and warranty limitations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in construction projects, offering a clear framework for managing costs and responsibilities. It serves to protect both parties by establishing ground rules and expectations throughout the construction process.