Construction Cost Plus With Cost-plus Pricing In Ohio
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Description
The Construction Contract with cost-plus pricing in Ohio is designed to govern the relationship between the contractor and owner for residential construction projects. This contract outlines the scope of work, work site specifics, and responsibilities for necessary permits, with clear delineation of soil conditions and insurance requirements. A unique feature of this contract is its cost-plus pricing clause, where the owner agrees to pay the contractor for actual costs plus a predetermined fee, allowing for flexibility in pricing based on actual expenses incurred. Instructions for filling out the form include specifying the project details and the contractor's fee arrangement, whether cost-plus or fixed fee. The contract allows for changes to the scope of work via written change orders, ensuring both parties agree on any modifications. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in managing and drafting construction agreements, providing clarity and legal protection. It is essential for understanding financial obligations and project specifications, making it an important tool in the construction industry.
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