Contract Cost Plus Form With Two Points In Pennsylvania

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

Description

The Contract Cost Plus Form with Two Points in Pennsylvania is a structured legal document used for construction projects involving a cost-plus pricing model. It allows the owner and contractor to define the scope of work, work site, and specific obligations such as obtaining permits and maintaining insurance. The unique cost structure includes the contractor's actual costs plus a fixed fee, fostering transparency in pricing. Users must complete and modify sections detailing the project's specifications, payment schedules, and any changes to work scope through written change orders. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it outlines key responsibilities and liabilities, ensuring all parties are clear on expectations. Filling this form requires careful attention to the specific terms of agreement and compliance with local regulations. It serves to protect both the contractor and owner by clarifying financial arrangements and project specifications, while minimizing potential disputes.