Construction Cost Plus With Example In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract form outlines the agreement between a contractor and an owner for a construction project, notably detailing the scope of work, work site, and financial arrangements. Specifically, the construction cost plus model allows the owner to pay the contractor for the actual costs of materials and an agreed-upon fee for services rendered. For example, in Hillsborough, an owner might agree to pay the contractor a set sum plus all verified material costs, ensuring transparency in pricing. Key features include provisions for permits, insurance details, and conditions around soil responsibilities and changes to the scope of work. For attorneys, this form supports legal compliance and risk management, while owners can use it to secure clarity in project costs. Associates and paralegals will benefit from understanding the standard clauses to facilitate contract negotiations. Legal assistants will also find this form essential for maintaining organized documentation and ensuring timely payments as stipulated, thereby minimizing disputes.
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