Cost Plus Contract In Costing In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in costing in Philadelphia is a legal document that outlines the agreement between a contractor and an owner for construction services. It specifies the contractor's scope of work, including labor and materials required to complete the project according to the owner's chosen plans and specifications. Key features include provisions for permits, insurance requirements, and conditions related to soil conditions at the work site. The contract allows the owner to modify the scope of work through written change orders, with any cost increases covered by the owner. The payment structure involves the owner covering the actual costs incurred by the contractor, plus a predetermined fee. Filling and editing instructions include completing the relevant sections for contractor and owner details and finalizing payment terms. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides a clear framework for responsibilities and financial obligations, ensuring compliance with local regulations.
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