Contract Cost Plus Form With Two Points In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form with Two Points in Wake is a construction agreement designed for contractors and owners to outline the specifics of a construction project. This form includes key areas such as scope of work, work site specifications, and obligations for permits, insurance, and additional charges for project modifications. It particularly highlights the cost-plus payment structure, where the owner agrees to pay the actual costs of materials plus an additional fee for the contractor’s services. The form also includes provisions for late payments and warranty limitations. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves to ensure clarity and mutual understanding on financial and operational responsibilities throughout the construction process. Users are advised to fill in specific project details and review the completed contract for accuracy before signing. This form can be particularly useful in managing expectations and mitigating disputes related to costs and project scope changes.
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FAQ
Uncertain Scope: If the project scope is likely to change, a CPIF contract provides the flexibility to adjust costs and incentives ingly.
