Contract Cost Plus Form With Example In Michigan

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

Description

The Contract Cost Plus Form with example in Michigan is a crucial legal document used in construction agreements to outline the payment structure between the contractor and the owner. This form specifies that the owner will pay the contractor for actual costs incurred, plus an additional fee for services. It includes sections detailing the scope of work, work site location, and necessary permits, ensuring clarity on responsibilities and expectations for both parties. Key features include provisions for changes in the scope of work through written change orders, insurance requirements, and warranty limitations. The form is designed with flexibility to adapt to varying project needs while safeguarding both parties' interests. Target users, including attorneys, partners, owners, associates, paralegals, and legal assistants, should pay close attention to completing the form accurately, especially regarding payment terms and project specifications. Proper use of this form helps prevent disputes and ensures compliance with local regulations in Michigan.