Cost Plus Contract In Simple Words In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
A Cost Plus Contract in Philadelphia is an agreement between a contractor and an owner where the owner pays the actual costs of materials plus an additional fee for the contractor's services. This form outlines the scope of work, identifies the work site, and establishes responsibilities regarding permits and insurance. Key features include provisions for changes in the scope of work through written change orders, a clear definition of costs, and late payment terms. This contract is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clarifies obligations and protects against unexpected expenses. To fill out the form, users should provide detailed project information and specify fees clearly. The form should be edited carefully to reflect accurate and complete information so all parties understand their roles. This type of contract is ideal in scenarios where project costs are uncertain, allowing flexibility for adjustments in the work.
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