Types Of Construction Contracts Cost Plus In Ohio

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

Description

This document outlines a Construction Contract specifically designed for use in Ohio, featuring a cost-plus pricing type of construction contract. In a cost-plus contract, the Owner agrees to pay the Contractor for the actual costs incurred for materials, plus an additional fee or percentage for the Contractor's services. Key features include clear definitions of the scope of work, site conditions, and project permits. Important filling and editing instructions emphasize that any changes to the work must be documented through written change orders, and the contract includes a clause on late payment penalties. The target audience — attorneys, partners, owners, associates, paralegals, and legal assistants — will find this form particularly useful for ensuring compliance with Ohio regulations. It also serves to protect the interests of all parties involved by clarifying responsibilities and outlining financial obligations. This contract format provides a structured way to handle modifications and prevents misunderstandings about project costs.