Cost Plus Construction Contract Example In Pennsylvania
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The Cost Plus Construction Contract example in Pennsylvania outlines the agreement between a Contractor and an Owner for construction services. It details the scope of work, which includes all labor and materials required to complete the project as specified by the Owner. The contract specifies that the project site is owned by the Owner and that the Contractor will obtain necessary permits at the Owner's expense. Soil conditions and their implications are highlighted, indicating that the Owner is responsible for any additional site work required. The contract includes provisions for insurance, requiring the Contractor to hold various types of coverage. Changes to the scope of work are allowed but must be made through written Change Orders, with the Owner responsible for any associated costs. Payment terms include a cost plus structure, indicating the Owner will pay the Contractor for actual costs incurred plus an agreed fee. Late payment terms are also specified, including late charges and collection costs. This contract serves as a reliable template for stakeholders, ensuring clarity and accountability in construction projects, making it valuable for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law.
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There are no statewide Pennsylvania general contractor license or certification requirements. However, any contractor who performs at least $5,000 worth of home improvements per year must register with the Attorney General's office.
Offer and Acceptance: One party must make an offer, and the other must accept it. Mutual Consent: Both parties agree to the terms without coercion. Contract law often refers to this condition as a "meeting of the minds." Competence: The parties must have the legal capacity to agree.
