Construction Cost Plus With Cost-plus Pricing In Miami-Dade

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

Description

The Construction Contract is a legally binding agreement between a Contractor and an Owner for a construction project in Miami-Dade, utilizing a cost-plus pricing method. This form outlines the project's scope, including labor and materials required for the construction of a residence. Key features include the responsibility of the Contractor to obtain necessary permits, and the provisions for additional costs related to soil conditions at the work site. The agreement specifies that any changes to the project must be documented through a Change Order, with associated costs clearly outlined. Moreover, the Contractor's fee is determined based on actual costs plus an agreed-upon additional sum. This contract emphasizes the importance of insurance coverage and the Owner's obligation to pay for late payments. This form serves as a utility for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a structured approach to managing construction agreements while clearly delineating responsibilities and payment structures, thus minimizing disputes during the project lifecycle.