Construction Cost Plus With Example In North Carolina
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Description
The Construction Contract for North Carolina outlines the terms under which a contractor will perform work for an owner with a 'cost plus' payment structure. This means the owner agrees to pay the actual costs incurred by the contractor for materials, plus an additional sum for services rendered. Key features include the detailed scope of work, the requirement for permits, and the contractor's limited warranty on workmanship. The form also incorporates provisions for changes to the scope of work through written change orders and emphasizes the importance of pre-construction soil assessments. Filling instructions are straightforward; owners should accurately specify project details, including location and scope, and be prepared to agree to costs for any changes. This form is especially relevant for attorneys advising clients on construction agreements, partners managing projects, owners commissioning work, associates and paralegals assisting in contract preparations, and legal assistants supporting documentation efforts. By clarifying responsibilities regarding permits, insurance, and payments, this form aids in preventing disputes and ensuring smooth project execution.
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