Construction Contract Cost Plus With Example In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus is a legal form used to outline the terms and conditions between the Contractor and Owner for construction services. This form specifies that the Owner will pay the Contractor for actual costs incurred plus a predetermined fee for services. As an example in Philadelphia, this could involve a Contractor building a residential property, and costs could include materials, labor, and permits required by local regulations. Key features of this form include detailed sections on scope of work, insurance requirements, and a provision for changing the scope of work through written Change Orders, which can impact costs significantly. Filling out the form requires careful specification of the work to be done and any additional work due to soil conditions. Target users, such as attorneys, owners, partners, and paralegals, will find this form useful for ensuring that all parties understand their obligations and liabilities. It promotes transparency in the construction process and helps mitigate disputes by clarifying payment obligations and warranty terms. Overall, this form is essential for managing cost and resources effectively in construction projects.
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FAQ
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.
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.
