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The Contract Cost Plus Agreement format in Maricopa is designed for construction projects where compensation is based on the actual costs incurred, plus an additional fee for the contractor's services. This agreement outlines the scope of work, location of the project, responsibility for permits, and handling of soil conditions. It emphasizes the importance of written change orders for modifications and details payment methods tied to actual costs. Key features include stipulations regarding insurance requirements, warranty limitations, and late payment penalties. For attorneys, partners, and associates, this form serves as a reliable framework to protect clients' interests while ensuring compliance with state regulations. Paralegals and legal assistants can benefit from clear filling instructions, as the form allows for customization to reflect specific project details. Overall, this format is essential for legal professionals involved in managing construction agreements and can facilitate smoother transactions and fewer disputes.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
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