Cost Plus Contract With Example In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract form is designed as a Cost Plus Contract, specifically useful in Suffolk, detailing the terms under which a Contractor agrees to provide labor and materials for a construction project on an Owner's property. Key features include clearly defined scope of work, work site details, and requirements for permits and soil condition evaluations. The contract allows Owners to authorize changes in project scope through written Change Orders, potentially affecting project costs. It stipulates that the Owner will cover the Contractor's actual costs plus a service fee, providing transparency on financial expectations. Also included are provisions for late payments, the Contractor's warranty limitations, and responsibilities related to insurance and title verification. This contract is particularly helpful for the target audience—Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants—who need comprehensive guidelines for the legal, financial, and operational aspects of construction projects. By outlining these terms, it assists all parties in understanding their rights and obligations, thus mitigating disputes during project execution.
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