Contract Cost Plus Form Template With Drop Down Menu In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form Template with Drop Down Menu in Kings is designed for use by various legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants. This form allows users to clearly outline the terms of a construction contract, specifically detailing the scope of work, work site, and payment structure. Key features include customizable sections for the contractor's fee, with options for both cost-plus and fixed fee arrangements, making it adaptable to different project needs. Users can easily fill in pertinent information such as the contractor's name and work site address, as well as edit the terms as necessary to suit specific agreements. The drop-down menu simplifies the process by allowing users to select predefined options, reducing errors in documentation. Specific use cases include contract preparation for residential or commercial construction projects and modifications to existing agreements via written 'Change Orders.' The form also addresses important legal aspects such as permits, insurance requirements, and warranty stipulations, ensuring comprehensive protection for both parties involved. Overall, this form serves as a robust tool for legal professionals working in the construction industry, helping to facilitate clear communication and reduce risks associated with construction contracts.
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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.
Definition. A contract where the contractor recovers actual costs incurred for completed work.
