Cost Plus Contract With Example In Ohio
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Description
The Cost Plus Contract, as depicted in the construction contract example from Ohio, outlines an agreement where the owner compensates the contractor for actual costs of materials along with an additional fee for services rendered. This contract includes key provisions such as defining the scope of work, work site details, necessary permits, and insurance requirements. A notable feature is the clause allowing for changes to the scope of work through written change orders, ensuring transparency in cost adjustments. For filling out the form, users need to clearly define the project details, payment structure, and any specific changes agreed upon during construction. This type of contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, as it facilitates accountability and clarity in billing and project management. It is especially relevant for projects where the scope may evolve, providing a structured approach to managing costs effectively.
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