Cost Plus Contract In Building In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Building in Nassau is a legally binding agreement where the Owner agrees to pay the Contractor for the actual costs incurred for materials, plus an additional fee for services rendered. The contract specifies the scope of work, including detailed plans and specifications for the construction project. It outlines the responsibilities regarding permits, insurance, and changes to the scope of work, such as the requirement for written change orders for any alterations. Key features include clauses on soil conditions, late payment penalties, and warranty limitations for the work performed. This contract is useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it provides a clear structure for managing financial responsibilities and project expectations. It emphasizes the importance of documentation and adherence to local regulations, making it essential for those involved in construction projects and legal transactions. Users benefit from understanding their obligations and rights, ensuring smooth project execution and minimizing disputes.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
