Cost Plus Contract Types In Illinois

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

Description

The Cost Plus Contract types in Illinois allow for flexible pricing structures that can benefit both contractors and owners during construction projects. This document outlines essential terms such as the scope of work, work site details, permitting responsibilities, and insurance requirements. Key features include the contractor's fee structure, which can either be based on actual costs plus a fixed sum or a fixed fee, providing transparency in pricing. Users are guided to make changes in the project scope via written change orders, which can affect overall project costs. Filling and editing instructions emphasize the need for specific details regarding the work site and the parties involved. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it ensures compliance with local regulations while protecting the interests of all parties. By clearly defining responsibilities and expectations, this contract fosters a collaborative environment in construction projects.