Cost Plus Contract In Building In Riverside

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

Description

The Cost Plus Contract in Building in Riverside is a legal agreement between a contractor and an owner, outlining the terms for construction services provided for a specified project. Key features include the scope of work defined by the plans and specifications, the designated work site, and the obligation of the contractor to obtain necessary permits. The contract emphasizes that soil conditions at the work site are the owner's responsibility, and the contractor must maintain various insurance coverages. Owners can request changes to the scope of work through written 'Change Orders,' and any modifications may affect the project's total cost. Payment terms stipulate that the owner compensates the contractor for actual costs plus a fee, indicating a flexible pricing arrangement. The contract also details late payment penalties and warranty limitations for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects as it provides a structured approach for outlining the financial and operational expectations associated with building contracts in Riverside.