Cost Plus Contract Types In Oakland

State:
Multi-State
County:
Oakland
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Cost Plus Contract types in Oakland are designed to provide a flexible agreement between contractors and owners where payment is based on actual costs incurred plus an agreed-upon fee. This contract outlines essential elements such as the scope of work, work site, permit responsibilities, and soil conditions. It allows for changes to the scope through written change orders, ensuring clarity on additional costs that may arise during construction. Key features include provisions for insurance, liability, and a warranty for workmanship within a specified time frame. Filling and editing instructions include detailing the project's specific plans and costs, as well as ensuring necessary permits are obtained by the contractor. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for negotiations and responsibilities, minimizing potential disputes. They can utilize this form to draft contracts that are thorough, legally sound, and tailored to their specific construction needs.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).

Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •

10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •

The stages of contract management can be broken down into pre-signature (creation, negotiation/collaboration, and review/approval) and post-signature (administration/execution, renewal/termination, and reporting/tracking).

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Cost Plus Contract Types In Oakland