Contract Cost Plus Form With Example In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form, specifically in the context of Philadelphia, is designed for use in construction agreements where the owner agrees to pay the contractor for actual costs incurred plus a fee for services rendered. This form outlines key features including the scope of work, work site details, permit responsibilities, and the conditions surrounding soil, insurance, and changes to the project. A notable example within this form is the 'Cost Plus' structure, where the contractor's fee is based on actual material costs plus a specified sum, adaptable to various project needs. Filling out this form requires users to clearly define all terms of the project, make provisions for potential changes via written 'Change Orders', and provide thorough descriptions of payments and responsibilities. The utility of this form is particularly relevant to attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly delineates obligations and protections for all parties involved in a construction project. This form serves to minimize disputes by establishing transparent financial expectations, ensuring due process in changes to the contract, and clarifying warranty and insurance obligations.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
