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The Contract Cost Plus Agreement with us in Montgomery is a formal document that outlines the relationship between the Contractor and the Owner for a construction project. This agreement stipulates that the Owner will pay the Contractor for the actual costs of materials plus an additional fee for services rendered. It details the scope of work, work site, necessary permits, and the Contractor's insurance obligations. In addition, it establishes protocols for change orders and payment terms, including conditions for late payments. The document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for contractual obligations and protections for both parties in a construction context. By using this form, legal professionals can ensure compliance with local regulations, mitigate risks associated with construction agreements, and facilitate effective communication between all parties involved in the project.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
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