Cost Plus Contract For Contractors In Maryland

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Contract for Contractors in Maryland is designed to outline the terms under which a contractor will be compensated for their services, specifically covering actual costs plus a specified fee. This form includes key sections detailing the scope of work, work site specifications, permits, and insurance obligations. To fill out the form, users need to provide information about the project, including contractor and owner details, work site address, and estimated costs. Notably, the contract includes provisions for changes to the scope of work via written change orders, ensuring clarity on project adjustments. The late payment terms stipulate a penalty for overdue payments, while warranty clauses limit the contractor's liability. This form serves various target audience members such as attorneys, who may use it to ensure compliance with state laws; partners and owners, who will appreciate clarity in financial obligations; associates, paralegals, and legal assistants, who can facilitate contract drafting and management. Its straightforward language and detailed sections make it accessible for users with varying levels of legal experience.