Contract Cost Plus Form With Cost In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form with Cost in Kings is designed for use in construction agreements where the payment structure is based on the actual costs incurred by the contractor plus an additional fee. This form allows for flexibility as it accommodates changes to the scope of work through written change orders, ensuring transparency in project expenses. Key features include detailed sections on scope of work, work site description, permit responsibilities, insurance requirements, and payment terms. It's particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it clarifies roles, responsibilities, and financial obligations of all parties involved. Filling instructions involve specifying the contractor's fee structure, either as cost plus or fixed fee, and outlining payment schedules. Users should provide accurate project descriptions and ensure that all necessary permits are obtained to avoid disputes. The form also addresses potential late payment penalties and warranty limitations, promoting a clear understanding of rights and obligations for both the contractor and owner.
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