Cost Plus In Construction In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract includes a Cost Plus clause specific to construction projects in Kings, where the Owner agrees to pay the Contractor for the actual costs incurred for materials, along with an additional fee for services rendered. This type of agreement offers flexibility, allowing for adjustments throughout the project as needed. Key features of the form include a clear outline of the scope of work, insurance requirements, and provisions for changes in the project scope via written Change Orders. Filling and editing instructions advise users to complete specific sections detailing project specifications and payment terms. This form is particularly useful for attorneys, partners, owners, and legal associates involved in construction contracts, as it provides a structured approach to define responsibilities and financial obligations. Paralegals and legal assistants can benefit from this form when preparing or reviewing contracts, ensuring compliance with local regulations and protections for both parties. Overall, the Cost Plus format is beneficial in managing unforeseen costs while maintaining transparent communication between the Contractor and Owner.
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