Cost Plus Fee Construction Contract In Massachusetts
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Description
The Cost Plus Fee Construction Contract in Massachusetts is a vital legal instrument for establishing agreements between contractors and owners for construction projects. This contract outlines the scope of work, specifying that the contractor is responsible for providing all labor and materials needed for the construction of the project at the owner's specified site. Importantly, it includes provisions for obtaining necessary permits, managing soil conditions, and ensuring required insurance, thereby protecting both parties. The contract delineates how the contractor’s fees are structured, allowing for flexible cost arrangements, including a cost-plus structure where the contractor is compensated for actual costs plus a fee. It also addresses late payment penalties, warranty limitations for workmanship, and conditions for changing the scope of work through written change orders, ensuring adaptability during construction. The form serves a broad audience, including attorneys who may draft or review such contracts, owners who need to understand their obligations, and legal assistants who manage documentation. Its clarity and straightforward instructions make it accessible for partners, associates, and paralegals who support contract administration.
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