Cost Plus Contract In Construction In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in construction in Sacramento is a legally binding agreement between a contractor and an owner detailing the construction of a project. This contract outlines the scope of work, work site specifics, necessary permits, and soil conditions while clarifying that the contractor will not bear responsibility for unfavorable soil conditions. Additionally, it includes provisions for insurance requirements, changes to the scope of work, and the payment structure based on actual costs plus a contractor fee. Owners can initiate changes through written change orders, acknowledging that any additional costs will be their responsibility. This contract is particularly useful for parties such as attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects. It provides clear guidelines for managing expenses and responsibilities, enhancing accountability and transparency throughout the construction process in Sacramento.
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FAQ
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.
