Contract Cost Plus Form With Cost Of Goods Sold In Pennsylvania

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

Description

The Contract Cost Plus Form with Cost of Goods Sold in Pennsylvania is a vital document used to outline the terms between a contractor and owner for construction projects. This form allows for flexibility, as the payment to the contractor is based on the actual costs incurred for materials, plus an additional specified fee for services. Key features include a detailed scope of work, site conditions, permit requirements, and change order protocols. Users must complete sections related to the project location, specific costs, and any modifications during construction. The form serves a wide audience, including attorneys ensuring the contract's legality, partners managing project finances, owners overseeing construction, and paralegals and legal assistants aiding in the documentation process. Filling out the form accurately is crucial to prevent misunderstandings regarding costs and project scope. It also addresses insurance responsibilities, potential soil conditions, and warranties for workmanship. Specific use cases involve residential and commercial projects where cost transparency and flexibility are necessary.
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  • 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

Generally, professional services are not taxable in Pennsylvania. However, editing services are taxable. Editing is defined by the state as “services performed upon written material, film, videos and audio tape, including altering, adapting, refining, proofreading or confirming.

Some customers are exempt from paying sales tax under Pennsylvania law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.

Major items exempt from the tax include food (not ready-to-eat); candy and gum; most clothing; textbooks; computer services; pharmaceutical drugs; sales for resale; and residential heating fuels such as oil, electricity, gas, coal and firewood.

The total amount charged for performing building maintenance services or building cleaning services is subject to tax.

Pennsylvania sales tax does not apply to construction activities that are made under contract and involve the permanent attachment of tangible personal property to realty.

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Contract Cost Plus Form With Cost Of Goods Sold In Pennsylvania