Cost Plus Fee Construction Contract In North Carolina
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Description
The Cost Plus Fee Construction Contract in North Carolina is a formal agreement between a contractor and an owner for construction services. This contract specifies that the owner agrees to pay the actual cost of materials plus an additional fee for the contractor's services. It includes a detailed scope of work, work site description, and essential permits to be secured by the contractor. One key feature of this contract is the provision for changes to the scope of work, which must be documented through a written Change Order. The contractor's responsibility for soil conditions is limited, placing the burden for any related costs on the owner. Insurance requirements and payment terms—including late charges—are explicitly outlined to protect both parties. This form is particularly useful for attorneys, partners, and owners involved in construction projects to ensure clarity and compliance with local regulations. Associates, paralegals, and legal assistants can also benefit by using this form to streamline contract management and ensure all necessary legal provisions are included.
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