Cost Plus Contract Types In Pima

• Category: Construction - Contractors
• State: Multi-State
• County: Pima
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Contract types in Pima provide a flexible payment structure where the Owner agrees to pay the Contractor for the actual costs of materials plus an additional fee for services rendered. This contract includes essential elements such as the scope of work, work site, permits, soil conditions, insurance requirements, and provisions for changes to the scope of work. Filling out this form involves specifying the project details, including plans and specifications, and determining the exact payment structure. Key features include the ability to make changes through written 'Change Orders' and stipulations for late payment penalties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it clearly delineates responsibilities and financial agreements. It ensures that all parties understand the cost implications of modifications and protects the interests of the Owner against unforeseen expenses related to site conditions. Overall, this contract type offers clarity and structure for managing construction projects effectively in Pima.