Cost Plus Contract In Costing In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The construction contract outlined is a Cost Plus contract in costing for projects within Miami-Dade. It establishes an agreement between a Contractor and an Owner to construct a residence based on specified plans and specifications. Key features include a clear definition of the scope of work, obligations regarding permits, and stipulations on soil conditions at the work site. The contract specifies that the Owner is responsible for additional costs arising from soil conditions not covered in initial plans. Insurance requirements are laid out to protect against liabilities, and provisions for changes in the scope of work are included, requiring written Change Orders. Notably, the payment structure under the Cost Plus model allows the Owner to pay the Contractor for actual costs incurred plus an additional sum for services. This form is particularly useful for attorneys, partners, and owners involved in construction projects, providing a foundation for legally binding agreements and clarity on financial responsibilities. Paralegals and legal assistants will benefit from its detailed structure when facilitating negotiations and ensuring compliance with Miami-Dade regulations.
Free preview
Form popularity
FAQ
All contracts, business transactions and renewals thereof with the County to which this subsection applies, shall require the individual or entity seeking to transact business with the County to verify by affidavit that the individual or entity is current in its obligations to the County and is not otherwise in default ...
