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The Contract Cost Plus Form with Two Points in Palm Beach is a pivotal document designed for construction projects where the owner compensates the contractor for actual costs incurred, plus an additional fee. This form emphasizes critical elements such as the scope of work, work site details, and insurance responsibilities to ensure clarity and responsibility for both the contractor and owner. Users are required to define project specifics, including plans and specifications, and clarify payment structures under either a cost-plus or fixed fee arrangement. Filling instructions advise users to ensure accuracy in descriptions and to include all relevant permits and approvals needed for compliance. The form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing client relationships and expectations throughout the construction process. It also addresses changes to the scope of work, late payments, and warranties, equipping users with essential tools to navigate potential discrepancies or project alterations. Overall, this form is a robust guide for organizing construction agreements and fostering transparent communication among all parties involved.
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.