Construction Cost Plus With Cost-plus Pricing In Minnesota
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Description
The Construction Contract form outlines the agreement between the Contractor and the Owner for a construction project in Minnesota, utilizing a cost-plus pricing model. This structure allows the Owner to pay for the actual costs incurred by the Contractor for materials, plus an agreed-upon fee for services. Key features of the form include clearly defined scope of work, work site specifications, permit responsibilities, and conditions regarding soil assessments. It also emphasizes the need for proper insurance coverage and the requirement for written change orders should the Owner modify the initial scope of work. Attorneys, partners, and other legal professionals can use this form to ensure compliance with local laws while protecting their clients' interests. It serves as a reliable blueprint for construction projects, particularly for those handling variable costs associated with construction in Minnesota. Filling instructions stress the importance of detailed specifications to prevent disputes and ensure clarity in the contractual relationship.
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