Construction Cost Plus With Example In Nevada
Instant download
Description
The Construction Contract outlines the agreement between a Contractor and an Owner regarding the construction of a residential project. It specifies that the Contractor is to provide all labor and materials necessary for the project at a designated Work Site, including obtaining required permits, while excluding responsibility for soil conditions unless directed otherwise by the Owner. A key feature of this form is the payment structure, allowing for either a cost-plus fee—covering the actual cost of materials plus a specified fee—or a fixed fee. For example, in Nevada, a Contractor might charge the actual costs of materials plus a flat fee for services, ensuring transparency in expenses. The form also addresses changes to the project scope via written Change Orders, late payment penalties, and Contractor warranties limited to one year post-completion. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides clear guidelines for contractual obligations, payment terms, and risk allocation, ensuring all parties understand their rights and responsibilities during the construction process.
Free preview
