Sample Of Cost Plus Contract For Construction In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Sample of cost plus contract for construction in Phoenix is a legal document that outlines the agreement between a contractor and an owner for a construction project. Key features of this contract include a detailed scope of work, specification of the work site, and provisions for permits and insurance requirements. The contractor is responsible for obtaining necessary permits at the owner's expense and must ensure they maintain adequate liability coverage. The contract allows for changes to the scope of work through written change orders, with costs agreed upon by the owner. The payment structure can be based on actual costs plus a fee or a fixed fee, and late payments incur a specified charge. Warranty provisions cover workmanship defects for one year, while material warranties are assigned to the owner. This form is highly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear template for a common construction agreement, ensuring all parties are aware of their responsibilities and rights. It provides a legally sound framework that can be easily edited to adapt to specific projects or requirements, making it a valuable resource for professionals in the construction and legal fields.
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