Cost Plus Contract With Example In Sacramento

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

Description

The Cost Plus Contract for construction defines the relationship between the Contractor and Owner, particularly in Sacramento, where costs exceed a fixed price based on expenses incurred plus an agreed sum for the Contractor's services. This type of contract is useful when the scope of work is uncertain, allowing flexibility in budget management. Key features include a clear scope of work, delineation of responsibilities regarding permits and soil conditions, and provisions for making changes via written Change Orders. Filling and editing this form involves specifying the Contractor's fee and ensuring all project details are accurately documented. The contract also provides for late payment penalties and outlines the warranty for workmanship. This form caters to attorneys, partners, owners, associates, paralegals, and legal assistants who need to manage construction projects effectively, ensuring compliance and safeguarding interests in varying circumstances.