Construction Cost Plus With Example In Utah
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Description
The Construction Cost Plus Contract is designed for use between a Contractor and an Owner in Utah. It outlines the scope of work, which includes construction details and necessary permits. A significant feature of this contract is its flexibility, allowing owners to specify changes through written Change Orders, which may incur additional costs. The Contractor's fee is based on actual costs plus a specified amount, providing an accountable structure for financial transactions. Filling out the form requires attention to specific details, such as the project scope, payment schedules, and additional insurance requirements. Legal professionals, including attorneys and paralegals, can utilize this contract to safeguard their clients' interests by ensuring compliance with local regulations and addressing site conditions. Owners benefit from clear expectations for both parties and an organized approach to project management. This contract is particularly useful for complex projects where costs may vary, making it essential for those handling construction agreements.
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Costs vary based on size, scope, materials, and labor. While the foundation and framing generally represent the most significant expenses, labor costs can also add up quickly.
