Sample Of Cost Plus Contract For Construction In Illinois
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Description
The Sample of cost plus contract for construction in Illinois is a legal document outlining the agreement between a Contractor and an Owner for residential construction projects. It details the scope of work, including the materials and labor required, and defines the work site. Key features include the requirement for permits, responsibility for soil conditions, and insurance obligations for the Contractor. The contract allows for changes in the scope of work through written Change Orders, affecting project costs as agreed upon by both parties. The payment structure can be based on actual costs plus a fee or a fixed fee, and late payment penalties are explicitly stated. This form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants, as it provides a clear structure for managing construction projects, ensuring compliance with local regulations, and protecting the parties' rights and responsibilities. The plain language and clear instructions make it accessible to users with varying levels of legal experience.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
