Contract Cost Plus Agreement With Us In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with Us in King outlines the responsibilities and obligations between a contractor and the owner for construction services. It specifies the scope of work, including the provision of labor and materials to construct the project as per the outlined plans. The agreement requires the contractor to obtain necessary permits and emphasizes that the owner is responsible for any soil conditions that may affect the work. Key features include a clear description of payment terms, with options for cost-plus or fixed-fee arrangements, as well as provisions for changes in scope and amendments via written change orders. The document also addresses late payment penalties and warranties for workmanship. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for creating binding agreements that ensure clarity and protect both parties' interests in construction projects. It facilitates better project management and delineates financial responsibilities and liabilities clearly, promoting smoother transactions in the construction industry.
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FAQ
As a general rule, if the owner hired whoever drafted the construction plans, or if whoever drafted the faulty plans is an employee or agent of the owner, it is the owner who will be liable for defective plans.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
