Contract Cost Plus Form For Construction In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form for Construction in King is a legal document that outlines the agreement between a contractor and an owner regarding construction services. This form specifies the scope of work, the work site, necessary permits, and conditions related to soil and insurance. A key feature includes a cost-plus payment structure, where the owner agrees to pay the actual costs incurred by the contractor plus an additional fee. It is crucial for parties to document any changes to the scope of work through written change orders to avoid misunderstandings. This form also stipulates the owner’s responsibility for additional expenses related to site conditions and outlines warranties on workmanship. It serves as a valuable tool for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for contractual agreements in construction projects. Users can easily fill in the required information and make edits as necessary to customize the agreement to their projects, making it a versatile option for construction-related contracts.
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FAQ
The percentage of completion method is a revenue recognition accounting concept that evaluates how to realize revenue periodically over a long-term project or contract. Revenue, expenses, and gross profit are recognized each period based on the percentage of work completed or costs incurred.
