Cost Plus Contract With Example In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract with Example in Orange outlines the agreement between a contractor and an owner for residential construction work. This contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clear structures for project scope, site conditions, insurance requirements, and change orders. Key features include a stipulation that the owner pays the contractor for actual costs plus an additional fee, which encourages transparency in expenses. Specific use cases involve scenarios where construction costs can fluctuate, allowing for flexibility in budgeting and financial planning. Filling and editing instructions suggest that users should clearly outline the project details, particularly regarding costs, while including all necessary permits and insurance type for risk management. This form empowers users to specify changes to the project through formal change orders, ensuring that all modifications are documented and costs accounted for. Importantly, parties should be informed of their responsibilities regarding soil conditions and warranty limitations, emphasizing the contractual obligations of both the contractor and the owner.
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FAQ
As a general rule, if the owner hired whoever drafted the construction plans, or if whoever drafted the faulty plans is an employee or agent of the owner, it is the owner who will be liable for defective plans.
