Cost Plus For Construction In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus for Construction in Montgomery is a construction contract that outlines the agreement between a contractor and an owner for a specific project. This form specifies the scope of work, work site, necessary permits, and insurance requirements. Key features include a detailed breakdown of the contractor's fees, allowing for flexibility through change orders as needed. It highlights the cost structure, where the owner pays for the actual costs of materials alongside a pre-agreed sum for the contractor's services. Filling out the form requires specifying the project details and making any necessary adjustments based on site conditions or changes requested by the owner. The form serves multiple use cases, especially for attorneys, partners, owners, associates, paralegals, and legal assistants needing a clear and professional document to navigate construction agreements effectively. It ensures all parties are protected and have a clear understanding of their responsibilities and liabilities in the construction process.
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FAQ
Generally, labor accounts for anywhere from 20-35% of total construction expenses, while materials account for 65-80%.
Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials.
