Construction Cost Plus With Cost-plus Pricing In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract for Construction Cost Plus with Cost-Plus Pricing in Philadelphia outlines the agreement between the Contractor and Owner for the construction of a residential project. This form emphasizes the Contractor's responsibility to manage labor, materials, and project specifications, while detailing the Work Site and necessary permits. Notably, it includes provisions for handling soil conditions and insurance requirements that safeguard both parties. The contract allows for changes to the scope of work through written Change Orders that may affect project costs. It also addresses payment terms, including a cost-plus fee structure where the Owner pays the actual costs incurred plus a specified fee for services. Additionally, it stipulates late payment penalties and warranty limitations for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate or construction law, providing them with a solid framework to navigate construction agreements complexly and effectively.
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