Cost Plus Construction Contract With Example In Salt Lake

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

Description

The Cost Plus Construction Contract, exemplified in Salt Lake, is a legal agreement where the Owner agrees to pay the Contractor for the actual costs of materials plus a specified sum for their services. This document outlines important components such as the Scope of Work, Work Site details, and the Contractor's responsibilities regarding permits and insurance. A unique feature is the provision for changes to the scope of work, which allows the Owner to request modifications through written Change Orders that may impact project costs. The contract also clarifies the responsibility of soil conditions and the insurance coverage the Contractor must maintain. Notably, it includes clauses about late payments and warranties for workmanship defects. This form is especially useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who engage in construction projects and need a structured approach to outline responsibilities, manage costs, and ensure compliance. Filling and editing the form is straightforward, requiring users to complete areas indicated for Owner and Contractor information, project specifics, and payment terms. Overall, this contract serves as a vital tool for legally establishing the terms of construction agreements while protecting the interests of all parties involved.