Cost Plus Contract For Construction In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract for Construction in Suffolk outlines an agreement between a contractor and an owner for the construction of a project. Key features of the document include the definition of the scope of work, specification of the work site, and the requirement for obtaining necessary permits. The contract emphasizes that the contractor is not liable for soil conditions at the work site, shifting that responsibility to the owner. It allows for changes to the project scope via written change orders, with any additional costs incurred being the owner's responsibility. The contractor will be compensated based on actual costs of materials plus a predetermined fee, and late payments incur a charge of one percent. This contract is particularly useful for various legal professionals, including attorneys and paralegals, as it provides a framework for addressing liabilities and protecting both parties' interests. Owners and associates can utilize this form to ensure clear expectations regarding construction costs and responsibilities, fostering effective communication and project management.
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10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •
