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The Contract Cost Plus Agreement with example in Washington is a legal document that outlines the terms under which a contractor provides services to an owner for a construction project. This agreement specifies that the owner will pay the contractor for actual costs incurred on materials plus an additional fee for services rendered. Key features of the form include the detailed scope of work, regulations regarding soil conditions, insurance requirements, and the provision for changes to the project scope through formal change orders. Editing and filling instructions guide users to accurately complete sections related to specific project details, payment structure, and signatures of both parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may be involved in real estate or construction projects. It establishes clear contractual expectations, thus protecting both parties' interests while mitigating risks associated with construction delays or additional costs. Users should ensure all relevant local permits and approvals are obtained as part of compliance.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
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