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The Contract Cost Plus Form with 2 Points in Phoenix serves as a formal agreement between a contractor and an owner, outlining the terms and conditions for a construction project. Key features of this document include a detailed scope of work, specific site location, and a payment structure based on actual costs plus a predetermined fee. Users are instructed to fill in sections concerning the project specifications, payment terms, and any revisions through written change orders. The form emphasizes the contractor's responsibilities, including obtaining necessary permits and maintaining insurance, while also defining the owner's obligations regarding site preparation and specifications. This contract is particularly useful for attorneys, partners, and owners involved in construction projects, as it facilitates clarity and protects the parties' interests. Paralegals and legal assistants can effectively utilize this form as a template for drafting similar agreements, ensuring compliance with local regulations and requirements. Overall, this form is an essential tool for managing construction contracts efficiently while minimizing risks.