Contract Cost Plus Agreement For Construction In Virginia

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

Description

The Contract Cost Plus Agreement for Construction in Virginia outlines the terms between a Contractor and an Owner for a construction project. It details the scope of work, permits, soil conditions, insurance requirements, and payment structures, including both cost-plus and fixed fee options. The form emphasizes the Contractor's obligations, including the necessity of obtaining permits and securing a boundary survey before construction, while clarifying that soil conditions are the Owner's responsibility. Change orders allow the Owner to modify the project scope, with associated costs to be covered by the Owner. Late payment penalties and a warranty clause regarding workmanship are also included. This form is particularly useful for attorneys, partners, and owners involved in construction projects to ensure legal compliance and protect their interests. Paralegals and legal assistants can utilize this form to aid in the organization and management of project agreements and compliance checks, providing a clear framework for contractual obligations.