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The Contract Cost Plus Form with Cost of Goods Sold in San Bernardino is a legally binding agreement between a contractor and an owner for construction services. It outlines the scope of work, work site, and conditions of payment, detailing the owner's agreement to pay the contractor for actual costs incurred plus a predetermined fee. Key features include sections on permits, insurance, soil conditions, and provisions for changes to the scope of work, ensuring clarity on responsibilities and liabilities. This form also specifies late payment terms and warranties, providing protection for both parties. Legal professionals, such as attorneys, paralegals, and associates, can utilize this contract to structure agreements efficiently and safeguard their clients' interests. Owners and partners can also benefit from a clear understanding of project costs and obligations, making it a valuable resource for effective project management in the construction industry.