Contract Cost Plus Agreement With Us In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement in Sacramento is a legal document establishing the terms between a Contractor and an Owner for the construction of a project. The contract outlines the scope of work, including required labor and materials, and identifies the work site where construction will take place. Key features of the agreement include the Contractor's responsibility for obtaining necessary permits, conditions regarding soil and site work, and insurance requirements to protect both parties. A significant aspect of this agreement is the payment structure; the Owner agrees to pay for actual costs of materials plus a specified fee for services. The contract also allows for changes in the scope of work through written change orders, with provisions addressing late payments and warranties related to workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants working in construction law, as it provides clarity on roles and responsibilities, aids in managing project costs, and ensures compliance with legal and regulatory standards.
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FAQ
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).
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
