Cost Plus Contract Meaning With Example In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
A Cost Plus Contract is a construction agreement where the Owner agrees to pay the Contractor for the actual costs of materials and labor, plus an additional fee for services. For example, in Queens, a Contractor may charge the Owner for construction costs like building materials and labor, along with a predetermined sum for their services. This form highlights essential features such as the scope of work, work site details, permit responsibilities, warranty limitations, and change order processes. Users should complete the necessary sections accurately, including the total cost estimations for materials and services. Filling this form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction projects, as it provides clarity and legal protection in construction agreements. They can also use the form to effectively communicate expectations and financial obligations between involved parties. Proper editing is important to ensure that specific project details are clearly defined to avoid future disputes.
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