Cost Plus Fee Contract Example In Massachusetts

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

Description

The Cost Plus Fee Contract example in Massachusetts is designed for use in construction projects, outlining the agreement between a contractor and an owner. This contract stipulates that the owner pays the actual costs of materials incurred by the contractor, along with an additional fee for services rendered. Key features include a detailed scope of work, provisions for obtaining necessary permits, and handling unexpected soil conditions. The contract also addresses changes to the project through written change orders, ensuring transparency in cost adjustments. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for managing construction agreements and protecting their clients' interests. It includes payment terms, late payment penalties, and warranty provisions that define liability for workmanship defects. Clear filling and editing instructions are provided for accurate completion of the document prior to project initiation.