Cost Plus Contract For Construction In Wake

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

Description

The Cost Plus Contract for Construction in Wake outlines the agreement between the Contractor and the Owner regarding the construction of a project. Key features include a detailed scope of work specifying labor and materials, the work site location, and the responsibilities for obtaining necessary permits. Importantly, the form allows for changes to the project's scope through written Change Orders, ensuring clear communication and agreement on additional costs. The Contractor's fee is based on the actual costs plus an agreed sum, making it adaptable for various project needs. The contract addresses payment terms, including late fees, and outlines the warranty limitations related to workmanship and materials. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction projects as it provides a clear structure for contractual obligations and risk management during construction activities.