Cost Plus In Construction In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract form outlined here is tailored for cost plus construction projects in Miami-Dade. It establishes a clear agreement between the contractor and the owner, detailing the scope of work, work site, and the responsibilities of both parties. Key features include provisions for permits, site conditions, insurance requirements, and change orders that may alter the scope of work. The cost plus structure allows the owner to pay for the actual costs incurred by the contractor plus an additional fee, making it crucial for transparency in budgeting. Filling instructions advise including detailed project descriptions and ensuring compliance with local regulations. This form specifically benefits attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects by providing a legally sound framework that minimizes disputes and clarifies financial obligations. It also emphasizes the importance of modifications through written agreements, ensuring all parties are in alignment during the construction process. Overall, the Construction Contract is an essential tool for facilitating clear communication and protecting legal interests in the construction industry.
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FAQ
Generally, when installing or repairing tangible personal property, parts and labor are taxable. If the job is “labor only” it is not taxable, but the repairer must document that no parts or other items were incorporated into or attached to the repaired item.
The percentage of completion method is a revenue recognition accounting concept that evaluates how to realize revenue periodically over a long-term project or contract. Revenue, expenses, and gross profit are recognized each period based on the percentage of work completed or costs incurred.
