Cost Plus Fee Construction Contract In Virginia

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

Description

The Cost Plus Fee Construction Contract in Virginia is a legal document outlining the agreement between a contractor and an owner for a construction project. This form is designed to ensure transparency in the contractor's fees, which include the actual costs of materials plus a fixed fee for services. Key features of the form include specifications for the scope of work, the designation of the work site, responsibility for permits, and clarification of soil conditions. The document also details the insurance requirements, procedures for changes in the scope of work, payment terms, and warranty limitations. To fill out the form, parties must complete the designated sections with specific project details and signatures. This form is particularly useful for attorneys, partners, and associates in the construction field, providing a clear framework for negotiation and legal compliance. Paralegals and legal assistants benefit from this form as it standardizes contractual elements, making it easier to manage and execute construction agreements efficiently.