Cost Plus Contract In Costing In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Costing in Kings serves as a legally binding agreement between a contractor and an owner for construction projects. This form outlines essential details such as the scope of work, site specifications, required permits, and responsibilities regarding soil conditions. Notably, it includes a unique provision for the cost plus fee structure, which allows the owner to pay the actual costs of materials plus a specified amount for the contractor's services. It also details procedures for making changes to the project scope through written change orders and outlines payment terms, including late payment penalties. Legal professionals, including attorneys and paralegals, will find this form useful in ensuring all aspects of construction agreements are clearly defined and legally compliant. For owners and partners, it provides a straightforward method to manage costs and project adjustments responsibly. This contract also emphasizes the need for clear communication on project requirements and responsibilities, ensuring all parties are aligned throughout the construction process.
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