Contract Cost Plus Form Template With Drop Down List In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form Template with Drop Down List in Philadelphia is designed for use in construction agreements, specifically accommodating various payment structures, including cost-plus and fixed fee options. This template provides a clear outline of the contractual obligations between the contractor and the owner, detailing the scope of work, work site, permits, and insurance requirements. Key features include sections for changes to the scope of work through change orders and a clause for late payment penalties. Users can select payment terms using the drop-down menus for user-friendly editing. This form is particularly beneficial for attorneys, partners, and owners involved in construction projects, as it helps ensure compliance with local regulations and clarity in contractual obligations. Additionally, associates, paralegals, and legal assistants will find it useful for preparing agreements that protect client interests while facilitating smooth project execution.
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FAQ
FAR 16.306. It provides for two types of CPFF contracts: the Completion type, which has a “definite goal or target and specifies an end product,” and the Term type, which “obligates the contractor to devote a specified level of effort for a stated time period.”
10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •
