Cost Plus Contract For Contractors In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract for Contractors in Maricopa serves as a clear agreement between a Contractor and an Owner for construction services. This form outlines essential elements such as the scope of work, work site details, necessary permits, and insurance requirements. A key feature is the cost plus compensation structure, where the Owner agrees to pay the actual cost of materials plus a defined fee for the Contractor's services. It includes provisions for changes to the project scope through written change orders, protecting both parties' interests. The form stipulates payment terms, including late fees for delayed payments, and addresses warranty terms limited to one year, which is crucial for managing expectations. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides a structured format to ensure compliance and clarity throughout the contract duration. Filling out the form requires providing specific details about the project, while editing may be necessary to cater to individual project needs, ensuring accuracy and completeness.
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FAQ
A total Transaction Privilege (Sales) Tax rate of 8.35%, (6.35% State and County, 2.00% Prescott), is imposed on the gross income of any person engaging in Construction Contracting. If tax has been neither separately charged nor separately collected, factoring of tax is allowed in computing taxable income.
