Contract Cost Plus Form With Cost In Illinois

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

Description

The Contract Cost Plus Form with cost in Illinois is a legal document designed to formalize agreements between contractors and owners for construction projects. This form outlines the scope of work, work site, permits required, soil conditions, insurance obligations, and provisions for changes in the scope of work. It specifies the contractor's fees based on actual costs plus an additional sum agreed upon by both parties. Key features include a clear breakdown of payment terms, late payment penalties, and warranty limitations. Filling out this form requires both parties to provide specific information about the project details. It is suitable for various users, including attorneys who need to ensure legal compliance, partners and owners managing construction projects, and paralegals or legal assistants responsible for documentation. The form assists in minimizing disputes by defining responsibilities and expectations clearly, making it an essential tool for all involved in construction agreements.