Construction Cost Plus With Example In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract provides a detailed agreement between a Contractor and an Owner regarding the construction of a specified project. It outlines the scope of work, including the responsibilities of the Contractor to provide labor and materials based on agreed plans. The document discusses the work site location, the responsibility for permits, and stipulates that the Contractor is not liable for soil conditions at the site. The contract allows for changes to the scope of work through written 'Change Orders,' which may increase costs. Importantly, it incorporates a payment structure for the Contractor, specifying a 'cost plus' arrangement where the Owner pays actual costs plus a set fee. This structure is particularly helpful in scenarios like renovation projects where costs can fluctuate. The form also includes stipulations for late payment penalties, warranties on workmanship, and the assignment of material warranties from manufacturers. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it ensures clear expectations between the parties involved, mitigates risks associated with construction projects, and serves as a legally binding document that can be referenced in case of disputes.
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FAQ
Addition (usually signified by the plus symbol +) is one of the four basic operations of arithmetic, the other three being subtraction, multiplication and division. The addition of two whole numbers results in the total amount or sum of those values combined.
