Cost Plus Fee Contract Example In Palm Beach

• Category: Construction - Contractors
• State: Multi-State
• County: Palm Beach
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Fee Contract example in Palm Beach outlines a framework for an agreement between a Contractor and an Owner regarding the construction of a residence. Key features include the scope of work, where the Contractor is responsible for all labor and materials as laid out in the project specifications. The contract specifies the work site and emphasizes that the Contractor is not liable for soil conditions at the site, shifting potential extra costs to the Owner. It provides guidance on obtaining necessary permits and holds the Contractor accountable for insurance coverage. Users can make changes to the scope of work through written 'Change Orders,' with the Owner bearing any additional costs. In terms of payment, the contract allows for a cost-plus model, meaning that the Owner pays the Contractor actual costs along with an agreed-upon fee. To avoid late payment issues, the contract includes a clause for late charges. This contract is designed for use by attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear legal framework for construction projects.