Cost Plus Contract In Building In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Building in Philadelphia is a legal agreement that outlines the responsibilities of the contractor and owner regarding construction projects. This contract allows the owner to pay the contractor for the actual cost of materials plus an additional fee for services rendered. Key features include detailed descriptions of the scope of work, work site, permits required, soil conditions, insurance responsibilities, and provisions for changes in the project. The contract also establishes payment terms, including late payment penalties and contractor warranties. For attorneys, this form serves as a comprehensive tool to advise clients on construction agreements, while partners and owners can use it to ensure clarity and protection in their projects. Associates, paralegals, and legal assistants will find this form beneficial for understanding the nuances of construction law and facilitating contract negotiations. Filling out this form requires attention to detail, especially in the specification sections, to prevent disputes during the construction process.
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FAQ
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.
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.
