Contract Cost Plus Agreement Format In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement Format in Kings is a vital document for establishing the terms and conditions between a contractor and an owner for construction work. This form outlines critical elements such as the scope of work, project location, and responsibilities regarding permits and insurance. Key features include a provision for changes in the scope of work, which must be documented via Change Orders, allowing for flexibility during construction. The contract also specifies payment structures, including a cost-plus arrangement where the owner pays for actual costs plus a predetermined fee. For minimal soil condition liability, the contractor is not responsible for unforeseen site conditions unless specified. Instructions for filling out the form emphasize clarity, such as defining the project's location and payment specifics. This contract is particularly beneficial for attorneys handling construction disputes, partners negotiating project terms, owners managing contractors, and paralegals assisting with documentation. Legal assistants and associates can utilize this format to ensure compliance with local regulations and facilitate smooth project execution.
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FAQ
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).
Definition. A contract where the contractor recovers actual costs incurred for completed work.
Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.
