Construction Contract Cost Plus With Example In Minnesota
Instant download
Description
The Construction Contract Cost Plus form is designed for contractors and owners engaging in residential construction projects in Minnesota. This form outlines the contractor's obligations, including the scope of work, work site details, and necessary permits, ensuring clarity and mutual understanding. Under the cost-plus arrangement, the owner agrees to pay the contractor for actual project costs plus a specified fee, making budgeting for the project more flexible. Key features include provisions for handling soil conditions, insurance requirements, and change orders, which allow the owner to modify project details during construction. The form includes clear instructions regarding late payments and warranty limitations, protecting both parties' interests. This contract is particularly useful for attorneys, partners, and owners as it ensures legal compliance and facilitates smooth project execution. Paralegals and legal assistants can assist in filling and editing the contract, ensuring all relevant information is included for effective project management.
Free preview
Form popularity
FAQ
How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
