Cost Plus Fee Construction Contract In Ohio
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Description
The Cost Plus Fee Construction Contract in Ohio is a legally binding agreement between a Contractor and an Owner that outlines the terms of construction services for a specific project. This form includes essential elements such as the scope of work, work site details, permits, soil conditions, insurance requirements, and changes to the scope of work. A notable feature of this contract is the provision for a cost plus fee structure, where the Owner agrees to pay the actual costs incurred by the Contractor, plus a specified fee. This flexibility is beneficial in projects where costs may fluctuate. Filling out the form involves clearly specifying the scope of work and costs while ensuring all necessary signatures are obtained. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law or real estate, as it streamlines the construction process and clarifies responsibilities. The contract also addresses potential late payments and warranties, providing protection for both parties. Overall, this form is a valuable tool for transparent and efficient construction agreements in Ohio.
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