Contract Cost Plus Form Template With Percentages In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form Template with Percentages in King serves as a legal document outlining an agreement between a contractor and an owner regarding construction work. This form includes essential sections such as the scope of work, work site details, necessary permits, soil conditions, insurance requirements, and conditions for changes in the project scope. It explicitly details the contractor's fee structure, allowing for a cost-plus arrangement where owners pay the actual costs of materials plus an additional fee. The form highlights key responsibilities of both parties, and the contractor's warranty is limited to one year for workmanship defects. This template is particularly useful for attorneys, partners, and owners in the construction sector as it clearly delineates obligations and protections, reducing the potential for disputes. Paralegals and legal assistants can utilize this form for effective document management and ensure that all legal requirements are met while avoiding ambiguities in the contract. Overall, it simplifies the legal process by providing clear terms and conditions catered to non-legal professionals.
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FAQ
Percentage rate contract: In the percentage rate contract, a department prepares a plan ing to the description of items with the quantity, rate, amount, and total amount and the contractor performs the work as per or some percentage above or below the rate specified by the department.
