Sample Of Cost Plus Contract For Construction In Hennepin

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

Description

The Sample of Cost Plus Contract for Construction in Hennepin outlines the agreement between the contractor and owner, detailing the scope of work, work site, necessary permits, and responsibilities regarding soil conditions. Key features include a structure for estimating costs, with the owner agreeing to cover actual costs of materials plus additional fees for contractor services. The form provides clear guidance on changes to the project scope, stipulating that any modifications must be documented through written Change Orders. It also addresses payment terms, including penalties for late payments and a one-year warranty for workmanship defects. This contract is essential for users such as attorneys, partners, owners, associates, paralegals, and legal assistants, as it serves as a legally binding document to protect both parties and clarify expectations throughout the construction process. The form is designed to facilitate smooth transactions and clear communication, making it a valuable resource in construction law and project management.