Construction Cost Plus With Example In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00462
Format:
Word;
Rich Text
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Description
The Construction Contract is a legally binding agreement between a contractor and an owner. This contract outlines the scope of work, which includes all labor and materials needed to construct a specified residence. In a construction cost plus scenario, for example in Santa Clara, the owner agrees to pay the contractor for the actual costs of materials plus a predetermined fee for services rendered. Essential provisions include securing necessary permits, addressing site conditions, and ensuring appropriate insurance coverage. The contract also stipulates that any changes to the project must be documented through written change orders, with additional costs borne by the owner. It's valuable for attorneys, partners, owners, associates, paralegals, and legal assistants for preparing clear agreements that protect the interests of all parties involved. The guidelines are straightforward, allowing users to modify details such as payment structures easily and ensuring compliance with local regulations. The form serves both as a foundational document for construction projects and a resource for addressing potential disputes that may arise during the construction process.
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FAQ
Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials.
Generally, labor accounts for anywhere from 20-35% of total construction expenses, while materials account for 65-80%.
