Construction Contract Cost Plus Withholding In Virginia

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

Description

The Construction Contract for cost plus withholding in Virginia is a legal agreement between a Contractor and an Owner for construction services and Project execution. The contract outlines the scope of work, including labor, materials, and specifications as agreed upon by both parties. Key features include a stipulation for the Contractor to obtain necessary permits, a clause regarding soil conditions and associated costs, and the maintenance of insurance by the Contractor. Changes to the scope of work can occur through written Change Orders, impacting project costs accordingly. Owner agrees to pay the Contractor based on actual costs plus a specified fee or a fixed fee, with provisions for late payments and default. The contract also contains a warranty section defining the limitations on the Contractor's responsibilities for defects in workmanship and materials. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured framework for managing construction agreements, ensuring compliance with Virginia law, and protecting the interests of involved parties.