Contract Cost Plus Agreement With Us In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with us in Pima is a construction contract that outlines the responsibilities and compensation for both the contractor and the owner. Key features include a defined scope of work, work site specifications, and the obligation of the contractor to secure necessary permits. It emphasizes that the contractor is not liable for soil conditions at the work site, and it requires the owner to provide essential documentation like boundary surveys. The payment structure is notably flexible, allowing for a cost-plus arrangement where the owner pays for actual materials plus a predetermined fee. This agreement includes provisions for late payments, potential changes to the project scope via written change orders, and a limited one-year warranty on workmanship. This contract is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants as it helps ensure clear contractual obligations and protects against potential liabilities during construction projects.
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FAQ
Uncertain Scope: If the project scope is likely to change, a CPIF contract provides the flexibility to adjust costs and incentives ingly.
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
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).
