Types Of Construction Contracts Cost Plus In Pennsylvania

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

Description

The Construction Contract outlines the terms between the Contractor and Owner in Pennsylvania, emphasizing a Cost Plus structure. In this type of contract, the Owner agrees to pay for the actual cost of materials plus an additional fee for the Contractor's services, which provides flexibility in adjusting costs throughout the project. Key features include the detailed scope of work, insurance requirements, and provisions for changes to the scope via written Change Orders. It also addresses the handling of soil conditions, permit acquisition responsibilities, and late payment penalties. This contract serves multiple use cases, such as residential construction projects, renovation efforts, or any situation where project costs may vary. Target audiences like attorneys can utilize the form to draft legally sound agreements, while paralegals may assist in preparing documentation for client signatures. Legal assistants can aid in ensuring compliance with local regulations, while Owners and Contractors benefit from clear financial terms and project expectations.