Contract Cost Plus Form Template With Drop Down List In Orange

State:
Multi-State
County:
Orange
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Contract Cost Plus Form Template with Drop Down List in Orange is designed to facilitate construction agreements between a Contractor and an Owner by providing a structured approach to outlining project costs and terms. This form allows users to select various options from a drop down list, enhancing clarity and ease of use while filling in required information. Key features include defined scope of work, work site location, necessary permits, and insurance requirements, which are crucial for legal compliance. The form also allows for adjustments to the scope of work through Change Orders, ensuring flexibility during the construction process. Specific areas for costs, including contractor fees and late payment penalties, are clearly laid out, enabling thorough financial management. This template is particularly useful for attorneys, partners, and owners as it streamlines contract creation while reducing the potential for misunderstandings. Paralegals and legal assistants can benefit from the simplicity and accessibility of the template, which promotes efficient documentation and supports compliance within legal standards. Overall, this form enhances the construction contracting process, ensuring that all parties are clearly informed and legally protected.
Free preview
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

It is for contracts combining design-build obligations with a long-term operation commitment. The Gold Book adopts a 'green field' design-build operation scenario with a 20-year operation period, or beyond, where the parties intend to extend their cooperation throughout the duration of the project.

There are five main types of FIDIC contracts: Red Book (construction), Yellow Book (plant and design-build), Silver Book (EPC/turnkey), Green Book (short form), and Pink Book (consulting services).

FIDIC's Contracts Committee produces standard forms of contract for civil engineering projects, which are used globally. The purpose of these standard forms is to define the contractual relationship between the par-ties and to apportion risks between the contractor and the employer.

MF/1 is suited to projects with extensive commissioning – whilst JCT can include testing regimes in the Specification, it does not contain relevant remedies or obligations. The key players are the purchaser, contractor and the engineer – who administers the contract and designs the works.

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Contract Cost Plus Form Template With Drop Down List In Orange