Construction Contract Cost Plus With Example In Illinois
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Description
The Construction Contract Cost Plus is a legal document commonly used in Illinois that outlines the agreement between a contractor and an owner for the construction of a project. This form specifies that the owner will pay the contractor for actual costs incurred plus an additional fee for their services. It includes critical sections such as scope of work, work site, permits, insurance, and provisions for changes to the scope of work, making it comprehensive for both parties involved. Key features include a clear definition of responsibilities, conditions for changes in work, and payment terms applicable to late payments. Users can fill in specifics regarding the project and the agreed-upon fee structure, which enhances clarity and sets expectations. The form also includes clauses for warranties regarding workmanship and materials. This construction contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it establishes legally binding terms that protect both the contractor and owner, minimizing disputes during the project lifecycle.
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