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The Contract Cost Plus Form with Two Points in Sacramento is a comprehensive agreement between a contractor and an owner for construction services. It outlines the scope of work, work site details, necessary permits, soil conditions, insurance obligations, and a clear process for modifications and changes to the project. A key feature is the payment structure, allowing the owner to pay the contractor for the actual costs of materials plus a specified fee. This form serves various target audiences including attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured framework for managing construction contracts. It emphasizes the importance of written change orders for any alterations in the project scope, avoiding potential disputes. Users are also guided on responsibilities, such as securing necessary permits and ensuring insurance coverage, which are vital for legal compliance. Additionally, outlining late payment consequences protects the contractor's interests. Overall, this form is essential for maintaining clarity and accountability throughout the construction process.
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.
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