Cost Plus Contract In Simple Words In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in simple words in Hillsborough is a type of construction agreement where the owner agrees to pay the contractor for the actual costs of materials plus a specific fee for their services. This contract details the scope of work, including what tasks will be performed and where the project will take place. It highlights essential points like obtaining necessary permits, dealing with soil conditions, and making changes to the work scope through written change orders. Users are advised on payment terms, including how fees will be structured and penalties for late payments. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines construction agreements while ensuring legal protections are in place. Filling instructions emphasize clarity, requiring specific details in defined sections. Overall, this contract provides a flexible yet structured approach to managing construction projects effectively.
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