Contract Cost Plus Agreement For Construction In Ohio

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

Description

The Contract Cost Plus Agreement for Construction in Ohio outlines the responsibilities and expectations between a contractor and an owner regarding a construction project. Key features include a detailed scope of work, the work site location, insurance requirements, and the handling of soil conditions specific to the site. Additionally, the form stipulates that any changes to the project must be documented through written Change Orders, ensuring clarity on cost implications. The contractor will be compensated based on actual costs of materials plus a set fee, a structure that offers transparency in pricing. It also includes terms for late payments, specifying penalties and collection costs. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this agreement serves as a crucial tool in establishing clear communication and legal boundaries in construction projects, minimizing disputes and ensuring compliance with Ohio regulations. Filling and editing instructions emphasize the importance of accurately completing the project details, scope of work, and payment terms to safeguard both parties' interests.