Contract Cost Plus Form Template With Percentages In Riverside

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

Description

The Contract Cost Plus Form Template with Percentages in Riverside is a detailed agreement designed for projects involving the construction of residential properties. This contract outlines the responsibilities of both the contractor and the owner, including the scope of work, work site specifications, and responsibilities regarding permits and soil conditions. Key features of the form include the option for a cost-plus payment structure, where the owner compensates the contractor for actual costs incurred plus a specified percentage for services. This is particularly useful for projects with variable costs, as it offers flexibility in budgeting and payment. The form also includes protocols for changes to the scope of work, detailing that any modifications must be documented through written change orders. Additionally, it addresses late payment penalties and warranties, ensuring both parties are aware of their rights and obligations. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this template beneficial for its clarity and straightforward instructions, making it easier for users with varying levels of legal understanding to effectively fill out and modify the document as needed.