Contract Cost Plus Agreement With Example In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement is a legal document designed for construction projects, detailing the responsibilities and compensation for contractors and owners. In this agreement, the contractor is compensated for the actual costs of materials plus a fixed fee, making it suitable for projects with variable costs. Key features include the scope of work outlined by the owner's specifications, a detailed work site address, responsibilities for permit acquisition and soil conditions, and the requirement for a boundary survey and title opinion before commencing construction. The form also includes provisions to handle changes in the project scope through written change orders, stipulates late payment penalties, and defines warranty limitations for workmanship defects. This agreement is particularly useful for attorneys, partners, and legal assistants involved in construction law, as it clarifies financial responsibilities and project management elements. Paralegals and associates can benefit from its structured approach, ensuring all necessary legal protections and requirements are met, while owners gain peace of mind through defined terms and conditions.
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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).
