Cost Plus Contract In Building In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Building in King outlines the agreement between the Contractor and Owner regarding the construction of a residential Project. This contract specifies that the Owner will pay for the actual cost of materials, plus an additional fixed fee for the Contractor's services. Key features include clear roles for obtaining permits, managing soil conditions, and ensuring insurance coverage. The contract allows for modifications to the scope of work through written Change Orders, ensuring that any resulting cost adjustments are agreed upon by both parties. Filling instructions emphasize the need for detailed descriptions of the Project and the Work Site, as well as the importance of proper surveying and title documentation before construction begins. The structure of the agreement is designed to protect both the Contractor and Owner while facilitating open communication about changes and costs. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it establishes a legal framework for construction projects, clarifying responsibilities and financial arrangements relevant to all parties involved.
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