Construction Cost Contract Plus With Example In North Carolina
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Description
The Construction Cost Contract Plus is a comprehensive agreement designed for construction projects in North Carolina, addressing the roles of both the Contractor and the Owner. This contract outlines the scope of work, the work site, required permits, insurance responsibilities, and liability for soil conditions. A key feature is the flexibility it offers in the form of a cost-plus or fixed fee structure, allowing Owners to choose payment methods that suit their project needs. Additionally, provisions for changes in the project scope ensure that any modifications are documented and additional costs accounted for. The contract specifies late payment penalties, a one-year warranty on workmanship, and the requirement for a boundary survey and title opinion before construction begins. This contract serves as a vital legal tool for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear framework for responsibilities and expectations in a construction project.
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