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The Contract Cost Plus Form with 2 Points in King is a construction contract template designed for use between contractors and owners. This form provides a clear structure for outlining the scope of work, work site, permits, soil conditions, insurance, and payment terms. Key features include detailed sections for changes to the scope of work, contractor fees, late payment terms, and warranties. Users can choose between a cost plus or fixed fee payment structure, allowing flexibility depending on the project's financial management needs. Filling instructions encourage users to specify project details, including plans, locations, and payment schedules. It is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who need a structured approach to construction agreements. This template simplifies negotiations by providing clear definitions of responsibilities and financial obligations, thus supporting effective project management.
It can include any level of design, and is ideal for more complex or larger projects where the client and contractor are willing to share project financial risk in a fully collaborative way.
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