Contract Cost Plus Form With Cost Of Goods Sold In Virginia

State:
Multi-State
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Contract Cost Plus Form with Cost of Goods Sold in Virginia is a vital legal document designed for construction agreements, outlining the terms under which a contractor will provide labor and materials for a project. This form specifies the scope of work, including detailed plans and specifications, and identifies the work site for construction. Key features include provisions for permits, insurance requirements, soil condition disclaimers, and change orders that allow for modifications to the project scope. The form also emphasizes financial aspects, detailing payment structures based on actual costs plus a specified fee. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides clear instructions for filling and editing. They can ensure compliance with local regulations, properly manage risk through insurance clauses, and handle any adjustments in project scope financially. Overall, this form serves as a comprehensive tool for managing construction contracts effectively in Virginia.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Licensed contractors are required by law to provide a written contract for residential work, signed by both parties. Don't rely on verbal agreements. Get all guarantees, warranties, and promises in writing. Limit your down payment or deposit.

A construction contract entered into by a person undertaking work without a valid Virginia contractor's license shall not be enforceable by the unlicensed contractor undertaking the work unless the unlicensed contractor (i) gives substantial performance within the terms of the contract in good faith and (ii) did not ...

Handymen can take on all sorts of projects without a license as long as labor and materials remain under $1,000. Once jobs exceed $1K, the state requires a General Contractor license. For handymen, this means a Class C GC license, allowing for work up to $10,000, including labor and materials.

§54.1-1115 (Michie 1950), operating without a valid Virginia's contractor license or certificate when one is required or operating without the proper class of license as defined in §54.1-1100, is a violation of the Virginia Consumer Protections Act if it involves a consumer transaction.

Any person who undertakes work without (i) any valid Virginia contractor's license or certificate when a license or certificate is required by this chapter or (ii) the proper class of license as defined in § 54.1-1100 for the work undertaken, shall be fined an amount not to exceed $500 per day for each day that such ...

Any person applying to the building official or any other authority of a county, city, or town in this Commonwealth, charged with the duty of issuing building or other permits for the construction of any building, highway, sewer, or structure, or any removal, grading or improvement shall furnish prior to the issuance ...

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Contract Cost Plus Form With Cost Of Goods Sold In Virginia