Cost Plus Contract In Simple Words In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
A Cost Plus Contract in Palm Beach is an agreement between a contractor and an owner where the owner agrees to pay the contractor for the actual costs of materials and labor, plus an additional fee for services. This type of contract allows for flexibility during construction as owners can make modifications through written change orders. Key features include specifying the scope of work, the responsibility for obtaining permits, insurance requirements, and addressing soil conditions at the work site. Filling instructions include detailing any changes in scope through corresponding change orders that state cost impacts. It’s particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants because it clearly outlines responsibilities, payment terms, and warranties, helping legal professionals ensure compliance with local laws and protect their clients' interests. This form also aids in structuring clear agreements, making it easier to navigate potential disputes regarding costs and scope changes.
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