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Contract Cost Plus Form Template With Percentages In Minnesota

Q: How do you write percentages in a contract?

For example, instead of writing 45 days , an attorney would write forty-five (45) days . Sometimes, attorneys even use this method in writing out dollar amounts (e.g., five thousand two hundred and 00/100 Dollars ($5,200.00) ) or percentages (e.g., seventy-five percent (75%) ).

Category:

Construction - Contractors

State:

Multi-State

Control #:

US-00462

Format:

Instant download

Description

The Contract Cost Plus Form Template with Percentages in Minnesota serves as a legal framework enabling construction contractors and owners to establish a clear agreement regarding project costs. This document is designed to specify the scope of work, the work site, and the financial arrangements, including a cost-plus fee structure where the owner agrees to pay for actual material costs plus a predetermined fee. Key features of this form include the requirement for contractors to obtain necessary permits, the handling of varied soil conditions, and the procedures for change orders, which are modifications to the project scope initiated by the owner. The form also outlines insurance responsibilities and warranty limitations for workmanship. Filling out the form involves clearly defining all components such as the project specifications and payment schedules, ensuring that both parties have a mutual understanding of their obligations. Legal professionals such as attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate construction agreements, mitigate risks, and promote transparent communication between contractors and owners.

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FAQ

Sometimes, attorneys even use this method in writing out dollar amounts (e.g., “five thousand two hundred and 00/100 Dollars ($5,200.00)”) or percentages (e.g., “seventy-five percent (75%)”).

For example, instead of writing “45 days”, an attorney would write “forty-five (45) days”. Sometimes, attorneys even use this method in writing out dollar amounts (e.g., “five thousand two hundred and 00/100 Dollars ($5,200.00)”) or percentages (e.g., “seventy-five percent (75%)”).

Writers should draft legal documents using numerals for monetary amounts, and for large sums, combining words and numerals, to prevent disputes: Incorrect: The payment is five thousand and 00/100 dollars ($5000.00). Correct: The payment is $5,000.00 (five thousand dollars).

Express most percentages in numerals, except at the beginning of sentences. Depending on the audience, either write out “percent” or use “%.” Do not include a space before “%.”

When you write out the word, use the form percent instead of the older form per cent. Only 3% of the systems crashed during the test period. Three percent of the systems crashed during the test period. In nontechnical writing, use the word percent rather than the symbol %.