Cost Plus For Construction In Minnesota

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

Description

The Cost Plus for Construction in Minnesota is a contract that outlines the agreement between the contractor and the owner for a construction project. This contract specifies the scope of work, work site, permits, soil conditions, insurance requirements, changes in scope, and payment structures. A key feature of this form is the cost plus payment method, where the owner reimburses the contractor for actual material costs plus an additional fee for services rendered. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it defines clear responsibilities and liabilities, thereby minimizing disputes. The contract requires written change orders for modifications, ensuring all parties agree to any additional costs incurred from changes in the project. Furthermore, it includes clauses on late payments and contractor warranties, safeguarding the interests of both the contractor and owner. Users can fill in specific details regarding the project, such as the payment terms and project specifications, making it highly customizable for different construction scenarios.