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The Cost Plus Contract with example in Phoenix allows for flexibility in construction projects by enabling Owners to pay for the actual costs incurred by the Contractor plus an agreed-upon fee. This contract includes key features such as a detailed scope of work, regulations regarding soil conditions, insurance requirements, and provisions for changes in project specifications. Owners should provide necessary permits and ensure all work complies with local regulations. For filling out the form, Owners must specify the site address, project details, and the costs associated with the Contractor’s services. This form is beneficial for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it provides a framework for managing the financial aspects and risks associated with construction contracts, particularly in Arizona's fluctuating real estate market. Additionally, the contract highlights aspects such as late payment procedures, warranty for workmanship, and the necessity for a boundary survey, making it an essential tool for effective legal and project management.