Sample Of Cost Plus Contract For Construction In Sacramento

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

Description

The Sample of Cost Plus Contract for Construction in Sacramento is a legal document that outlines the agreement between a contractor and an owner for construction services. It specifies the scope of work, including labor and materials for the project, and the location where the construction will take place. The contract requires the contractor to obtain necessary permits and addresses soil conditions at the work site, indicating that additional expenses may arise from unforeseen soil issues. Importantly, the contract includes a cost plus structure, allowing the owner to pay the actual cost of materials along with a fee for services, providing flexibility in budgeting. The contractor is required to maintain liability and risk insurance, ensuring protection for both parties. The document also highlights the process for making changes to the scope of work, stipulating that changes must be formalized through written change orders. It specifies payment terms, including late payment penalties, and outlines a one-year warranty for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a comprehensive framework to manage construction contracts effectively.