Contract Cost Plus Agreement For Construction In Minnesota

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

Description

The Contract Cost Plus Agreement for Construction in Minnesota offers a structured form for entering into a construction contract between a contractor and an owner. Key features of this form include a detailed scope of work, specifications for the work site, and clear stipulations concerning permits and insurance. The contractor is required to obtain necessary permits, while the owner bears costs associated with site-specific conditions. Changes to the project scope can be made through written Change Orders, with the owner agreeing to cover additional costs. The cost structure allows for either a cost-plus arrangement or a fixed fee, ensuring clarity on payment methods. Additionally, the form outlines responsibilities regarding late payments and warranty provisions related to the contractor's work. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a legally sound framework that supports effective project management and compliance within Minnesota's construction sector.