Cost Plus In Construction In Massachusetts
Instant download
Description
The Construction Contract in Massachusetts outlines the terms and conditions under which a contractor will provide services for a construction project. A key feature of this contract is the 'Cost plus' pricing structure, where the Owner agrees to pay the Contractor the actual cost of materials plus a specified fee for their services. This structure is particularly advantageous in situations where project costs may fluctuate due to unforeseen circumstances, as it allows for transparency and flexibility in billing. Filling out the contract involves entering details regarding scope, work site, payment terms, and the specifics of any change orders that may arise during the project. Attorneys, partners, and owners can utilize this form to ensure that their interests are protected while providing clear guidelines for the Contractor's obligations. Paralegals and legal assistants will find the contract useful for drafting and managing agreements, ensuring compliance with state regulations. Moreover, associates can refer to this document when navigating disputes or changes in project scope, making it an essential resource in the legal toolkit for construction-related matters.
Free preview
Form popularity
FAQ
Owner to Prime Contractor (Public): 15 days after receipt of invoice. If the entity is a commonwealth entity, payments must be made within 30 days. Final payment is due 65 days after invoice.
