Contract Cost Plus Agreement With Example In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with an example in Orange is a legal document used in construction contracts where the Owner agrees to compensate the Contractor for the actual costs incurred for materials and services, plus a predetermined fee. This agreement goes beyond just defining the payment structure; it also includes key features such as the scope of work, project site details, and requirements for permits and insurance. The Contractor is responsible for obtaining necessary permits and is not liable for soil conditions at the work site. The section on changes to the scope of work allows the Owner to request modifications, but these must be formalized in writing through a Change Order, potentially impacting overall project costs. For filling and editing, users are instructed to complete sections pertinent to their project specifics while ensuring clarity on the fee structure—either a cost plus model or a fixed fee. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this document useful for outlining financial responsibilities and project parameters, ensuring that all parties are aware of their obligations and liabilities, which is crucial for smooth project execution.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
