Cost Plus Contract In Simple Words In Oakland

• Category: Construction - Contractors
• State: Multi-State
• County: Oakland
• Control #: US-00462
• Format: Word; Rich Text

Description

A Cost Plus Contract is an agreement where the owner pays the contractor for the actual costs of materials and labor, plus an additional fee. This simple contract is practical for construction projects in Oakland. Key features include clear definitions of the scope of work, work site location, and responsibility for permits. The contractor must maintain necessary insurance and provide a boundary survey before work starts. Owners can request changes to the project scope, but any modifications must be documented through a Change Order. This contract also stipulates consequences for late payments and includes a warranty for workmanship defects for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for managing construction costs and responsibilities.