Cost Plus Fee Construction Contract In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost plus fee construction contract in Hillsborough is a legal agreement between a Contractor and an Owner for construction services that stipulates the payment terms based on actual costs plus a specified fee. Key features include defining the scope of work, outlining obligations regarding permits and insurance, and addressing changes to the scope through written Change Orders. The form requires the Owner to provide necessary documentation such as surveys and title opinions before construction begins. It specifies that any changes in the cost due to modifications must be agreed upon in writing. This contract also includes clauses for late payment fees and warranties, protecting both parties' interests. Specifically tailored for users like attorneys, partners, owners, associates, paralegals, and legal assistants, it serves as a foundational document for navigating construction projects while ensuring legal compliance and clear communication. Filling out the contract requires attention to detail, particularly in the sections concerning payment structures, and emphasizes the importance of clarity in terms agreed upon between the Contractor and Owner.
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