Cost Plus Contract In Construction In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in construction in Montgomery is a legal agreement between a Contractor and an Owner, entailing that the Owner will pay the Contractor for actual costs incurred for materials, plus an additional fee for services rendered. This type of contract is beneficial for projects where costs can be uncertain, allowing the Contractor to get compensated fairly for additional expenses. It includes sections for specifying the scope of work, work site details, permits, insurance obligations, and changes to the scope. The Contractor is responsible for securing necessary permits and insurance, while the Owner provides crucial site information, including soil conditions and boundary surveys. Completing this form requires both parties to fill out information about the project, including the total fee and payment structure. This form is useful for a diverse audience, including attorneys who may advise clients on contract terms, owners looking to manage construction costs, associates and paralegals assisting with contract preparation, and legal assistants supporting document filing and compliance tasks.
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