Cost Plus Contract In Costing In Salt Lake

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

Description

The Cost Plus Contract in Costing in Salt Lake is a legal document that outlines the agreement between a contractor and an owner for construction projects. It allows the contractor to charge for the actual cost of materials along with a specified fee for their services, providing transparency in project costs. Key features include detailed sections on the project scope, work site, required permits, and soil conditions that can impact pricing. It is essential for owners to understand that any changes in the project's scope must be documented through written 'Change Orders' which may affect overall costs. Users must fill in specific details such as the payment structure and service fee. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it helps them navigate construction agreements effectively. It ensures all parties are clear on their responsibilities, potentially reducing disputes and highlighting the contractor's insurance and warranty limitations. Properly completing this form safeguards the interests of both the contractor and the owner in a construction project.