Cost Plus Contract For Contractors In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract for contractors in Montgomery is designed to outline the agreement between the Contractor and the Owner for construction services. This form enables the Owner to pay the Contractor for actual material costs, plus a predetermined fee, allowing for flexibility in project expenses. Key features include a clear scope of work, site location details, and responsibilities regarding permits and soil conditions. It emphasizes the necessity for written Change Orders for any modifications to the project scope, ensuring all parties agree on additional costs. The form includes terms for insurance requirements and payment terms, including late fees and warranties. Target users such as attorneys, partners, owners, associates, paralegals, and legal assistants benefit from this contract as it provides structured guidelines for construction agreements while offering legal protection and clarifying responsibilities. Filling out the form requires attention to the project specifics, and users should ensure all modifications are documented to prevent disputes.
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FAQ
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).
