Cost Plus Fee Construction Contract In Minnesota

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

Description

The Cost Plus Fee Construction Contract in Minnesota is designed for contractors and property owners to outline the terms of a construction project. This form details the scope of work, project site, and stipulates that the contractor will be compensated for actual costs incurred plus a fixed fee. Key features include the requirement for permits, soil condition responsibilities, insurance obligations, and processes for changes to the scope of work. The contractor is responsible for obtaining necessary regulatory approvals and ensuring insurance coverage. The contract also establishes a late payment clause and outlines warranty terms. For attorneys, partners, and owners, this form serves as a legal framework to ensure clear expectations and responsibilities are established, reducing potential disputes. Associates, paralegals, and legal assistants will find the form useful for managing documentation related to construction projects, helping to maintain compliance with Minnesota regulations and enhancing communication between parties.