Cost Plus Contract Types In Utah
Instant download
Description
The Cost Plus Contract Types in Utah document outlines a construction agreement between a contractor and an owner, specifying terms and conditions under which the project will be executed. Key features include a detailed scope of work, responsibilities related to permits and soil conditions, and insurance requirements. The contract allows for modifications through written change orders, ensuring clarity on any alterations to the project scope and costs. The payment structure under this contract type is based on the actual cost of materials incurred by the contractor, plus an additional fee for services rendered. Fillable sections include the specifics of the scope of work, project location, and total payment amounts, allowing customization according to the project's unique needs. This form is particularly useful for attorneys, as it provides a template for legal compliance; partners and owners, who can ensure protection of their investment; and paralegals or legal assistants, who might handle form preparation and modifications. Overall, the Cost Plus Contract facilitates transparency and flexibility, making it a practical choice for construction projects in Utah.
Free preview
Form popularity
FAQ
Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
