Cost Plus Construction Contract Example In Hillsborough

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

Description

The Cost Plus Construction Contract example in Hillsborough outlines the agreement between a Contractor and an Owner for construction services. This form covers the complete scope of work, including the specific site details, required permits, and insurance obligations. A notable feature is the flexibility for the Owner to make changes to the project scope, provided there are written change orders. Additionally, the contract stipulates the payment structure, where the Owner agrees to pay the Contractor the actual costs of materials plus a defined fee. The form also addresses late payment penalties and warranty limitations. It is essential for the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clear guidelines for documenting construction agreements, ensuring compliance with local regulations, and protecting both parties' interests. This contract aids in minimizing disputes by clarifying responsibilities and expectations in the construction process.