Cost Plus Contract For Construction In Hillsborough

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

Description

The Cost Plus Contract for Construction in Hillsborough is a detailed agreement between the contractor and owner, specifying the terms of construction for a residential project. This contract outlines the scope of work, site specifics, and responsibilities regarding permits and insurance. It emphasizes the cost-plus structure, where the owner pays for actual materials plus a predetermined fee for the contractor's services. Key features include provisions for changes in the scope of work, including the need for written change orders and potential cost adjustments. Moreover, the document addresses late payment penalties and warranty limitations on workmanship. This contract is particularly useful for legal professionals such as attorneys and paralegals, who may assist clients in understanding or negotiating the terms. Partners and owners benefit from clear construction expectations and cost management, while associates and legal assistants can utilize this contract for research or documentation purposes.