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The Contract Cost Plus Form with example in Riverside is a critical legal document used to outline the responsibilities and financial agreements between contractors and property owners. This form includes essential sections like scope of work, work site, permits, soil conditions, insurance, and changes to the scope of work. Key features include the contractor's fee structure, which can be based on actual costs plus a fee or a fixed fee, allowing flexibility in cost management. The form provides clear instructions on filling in details such as the project description, payment terms, and any potential changes during construction. Specific use cases for the form include negotiating agreements for new builds, renovations, or remodeling projects, making it a valuable tool for attorneys, partners, owners, associates, paralegals, and legal assistants in the construction industry. By using this form, parties can clearly outline expectations and protect their interests throughout the project, ultimately fostering clear communication and reducing disputes.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
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