Construction Cost Plus With Example In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract form outlines the agreements between a Contractor and an Owner regarding the execution of a construction project. In a cost-plus scenario, as demonstrated in Oakland, the Owner agrees to compensate the Contractor for actual material costs plus a fixed fee for services rendered. This structure ensures transparency and adaptability to project variations, particularly important in areas where soil conditions might necessitate additional unexpected work. The form highlights key features, including project scope, site description, permit responsibilities, and insurance obligations. Users are instructed to complete the form by providing specific details about the project and payment arrangements. This form is primarily beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who seek to formalize construction agreements, ensure compliance with local regulations, and mitigate risks associated with project cost overruns or disputes. It also provides essential frameworks for managing changes and securing necessary permissions, thereby fostering a smoother construction process.
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FAQ
Generally, labor accounts for anywhere from 20-35% of total construction expenses, while materials account for 65-80%.
Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials.
