Construction Cost Plus With Example In Phoenix

• Category: Construction - Contractors
• State: Multi-State
• City: Phoenix
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract is an essential document designed for parties entering into a construction agreement, primarily to outline the responsibilities and expectations for both the Contractor and the Owner. This contract employs a cost-plus pricing model, meaning the Owner pays for the actual costs incurred by the Contractor plus a predetermined fee for their services. An example of this in Phoenix could involve a residential project where the total expenses cover materials and labor, with an additional agreed sum included for the Contractor's efforts. Key features include defined scope of work, work site specifications, permits responsibility, and optional changes to the project via written change orders. In terms of filling and editing instructions, both the Contractor and Owner must correctly input their details and project specifics, and any modifications should be documented through formal change orders. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clarifies legal obligations and provides a framework for resolving disputes. With its straightforward language, it allows users with limited legal experience to understand their rights and responsibilities, ensuring transparency in the construction process.