Cost Plus Contract In Costing In Massachusetts

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

Description

The Cost Plus Contract in costing in Massachusetts is a construction agreement where the owner agrees to pay the contractor the actual cost of materials plus an additional fee for their services. This form is structured to clearly define the scope of work, work site, permits required, and the responsibilities of both parties. Key features include provisions for handling soil conditions, insurance requirements, and the process for making changes to the scope of work through written Change Orders. Additionally, the contract stipulates payment terms, including late payment penalties and warranty limitations. Filling this form requires clear provision of project details and financial terms. The target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form useful for ensuring clarity and accountability in construction projects. It simplifies the complex financial arrangements inherent in construction, serving as a reliable framework for managing costs and responsibilities.