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The Contract Cost Plus Form for Construction in Kings is a vital legal document designed for construction agreements between contractors and property owners. This form outlines the project's scope of work, required permits, soil conditions, and insurance responsibilities. It allows for modifications to the project through written change orders, with clear stipulations on cost adjustments. The contractor will charge for actual material costs plus an agreed-upon fee, ensuring transparency in pricing. Late payments will incur a charge, reinforcing the importance of timely financial transactions. The warranty clause provides limited coverage on workmanship defects for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate and construction law. It offers a structured approach to managing construction projects, helping to prevent disputes between contractors and owners while ensuring all legal aspects are addressed.
Written by LetsBuild. Follow us. Share this story. The () designs and sells hundreds of contract documents – contracts. These forms define everything that will happen during a project's design and construction.
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