Contract Cost Plus Agreement With Example In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract includes a Contract Cost Plus Agreement with example in Phoenix, outlining essential terms for a construction project between a Contractor and an Owner. This form allows the Owner to pay the Contractor for actual material costs plus an additional fee, ensuring transparency in project expenses. Key features of the agreement include the scope of work, work site specifications, permit responsibilities, and provisions for unforeseen soil conditions. Additionally, it details insurance requirements, the need for a boundary survey and title opinion, and the process for making changes to the scope of work through written Change Orders. The contract also specifies conditions for late payments, potential default charges, and a limited warranty on workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction projects, as it provides a clear framework for managing contractual obligations and financial arrangements. To fill out the form, users need to provide specific details about the project, including costs, site information, and payment schedules. Editing should be performed with care to maintain legal clarity and avoid ambiguity regarding responsibilities.
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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).
