Cost Plus Contract In Building In Pennsylvania
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Description
The Cost Plus Contract in Building in Pennsylvania is a legal agreement that outlines the responsibilities of a contractor and owner during a construction project. It stipulates that the owner will pay the actual costs incurred by the contractor for materials and services, plus a predetermined fee. This contract includes essential sections such as scope of work, work site, and permits required for construction. Importantly, it requires changes to the job to be documented through written Change Orders, impacting the overall project cost. Clear provisions for soil conditions, insurance, and warranties are also included, protecting both parties. This contract is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a comprehensive framework for managing construction projects while outlining clear expectations and conditions. It can serve as a basis for negotiation and ensures legal protections are in place for both the person responsible for construction and the property owner, thereby minimizing disputes.
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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.
