Cost Plus For Construction In Hennepin

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

Description

The Cost Plus for construction in Hennepin is a specific construction contract format that allows the Owner to pay the Contractor for the actual costs of materials plus a predetermined fee for services. This form includes sections that clearly define the scope of work, site specifications, required permits, and contractor insurances. It allows for flexibility with changes to the project through written Change Orders, ensuring all modifications are documented and agreed upon by both parties. The contract emphasizes that the Owner is responsible for additional expenses incurred due to site conditions, particularly concerning soil quality. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in navigating construction agreements by providing clear legal expectations and responsibilities. It aids in the comprehension of financial implications associated with construction projects, including late payment terms and warranties on workmanship. By outlining responsibilities and financial agreements, this form fosters trust between contractors and owners, ensuring a smoother construction process.