Contract Cost Plus Agreement Format In Ohio
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Description
The Contract Cost Plus Agreement format in Ohio is a legal document that outlines the terms between a contractor and an owner for construction projects. This agreement specifies the scope of work, work site, required permits, and that the contractor is not liable for soil conditions at the site. Key features include the provisions for modifications to the project through change orders and the payment structure, which can be based on the actual cost of materials plus a fee or a fixed fee. Additionally, it includes terms on late payments and warranties for workmanship defects. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in real estate and construction law, as it provides clear guidelines for project management and financial obligations. It aids in minimizing disputes by stipulating responsibilities and expectations and can be edited to reflect specific project details and costs.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
