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The Contract cost plus form with 2 points in Montgomery is a legal document used for construction projects, allowing Owners to agree to pay Contractors based on the actual costs incurred plus a specified fee. It outlines essential aspects such as the scope of work, site conditions, and the process for obtaining necessary permits. Key features of this form include provisions for changes to the contract through written change orders, insurance requirements for the Contractor, and details on late payments. Users must fill in specific information such as the project location, costs, and payment terms. Additionally, the form emphasizes the Contractor's responsibilities regarding soil conditions and warranties. This contract is particularly useful for legal professionals, including attorneys and paralegals, as well as Owners and Contractors involved in construction, ensuring clarity and legal compliance when engaging in building projects.
Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •