Cost Plus Construction Contract Example In San Diego

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

Description

The Cost Plus Construction Contract example in San Diego outlines the agreement between the contractor and the owner for the construction of a residence. Key features include the scope of work, work site details, and the responsibility of obtaining permits, which are to be funded as part of the project expenses. The contract emphasizes that the contractor is not responsible for soil conditions and allows for changes in the project scope through written change orders, potentially increasing costs. A significant aspect of this contract is the 'cost plus' payment structure, where the owner pays the actual costs of materials plus a specified contractor fee. It also addresses late payment penalties and warranties for workmanship defects. This document serves as a valuable tool for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for managing construction projects. Its structured format, with specific roles and responsibilities defined, aids all parties in understanding their obligations and rights, reducing potential disputes.