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The Cost Plus Contract in construction in Pima is a legal agreement where the Owner agrees to pay the Contractor the actual costs incurred for materials plus an agreed-upon fee for the services provided. This form outlines essential details such as the scope of work, site conditions, permits, insurance requirements, and changes to be made during the construction process. It ensures that the Contractor has the necessary approvals and complies with local regulations. Key features include provisions for changes in scope that must be documented via written change orders and the process for handling late payments. The form is particularly useful for a diverse target audience, including attorneys who may need to review or draft contracts, partners involved in project finance, owners looking to manage construction costs effectively, and associates or paralegals who assist in contract negotiations. Legal assistants can benefit from the clear instructions for filling out the form correctly, ensuring compliance with legal standards in Pima.
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.
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