Cost Plus Construction Contract Example In Queens

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

Description

The cost plus construction contract example in Queens outlines the agreement between a contractor and an owner for a construction project. This form details the scope of work, which is based on plans and specifications provided by the owner, and clarifies the work site location. It includes essential provisions for obtaining permits, responsibilities related to soil conditions, and required insurance. A notable feature of this contract is the 'Cost Plus' payment structure, where the owner agrees to pay for the actual costs incurred by the contractor plus an additional fee for their services. Changes to the scope of work can be accommodated through written change orders, with the owner responsible for any additional costs incurred. This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it provides a clear framework for managing and executing construction agreements while protecting the interests of all parties involved. Overall, this contract serves as a crucial tool to prevent misunderstandings and disputes throughout the construction process.