Cost Plus Fee Contract Example In Utah

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Fee Contract example in Utah outlines the responsibilities and agreements between a contractor and an owner for construction work. Key features include a detailed scope of work, work site definition, and stipulations for permits and soil conditions. The contract allows for adjustments through change orders that require written consent from the owner, stipulating potential impacts on project cost. Payment is structured to cover actual costs plus a specified fee for the contractor's services, offering flexibility in billing. The contract emphasizes insurance requirements, late payment penalties, and warranty limitations. For attorneys, the document serves as a reliable template for drafting construction contracts. Partners and owners can use it to establish clear terms that safeguard their interests in construction projects. Associates and paralegals can efficiently assist in filling out and editing the form as needed, while legal assistants can utilize it as a reference point in completing relevant legal documentation.