Contract Cost Plus Agreement With Us In Washington
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Description
The Contract Cost Plus Agreement with us in Washington is a detailed construction contract that outlines the terms between a contractor and property owner. It specifies the contractor's obligations, including scope of work, necessary permits, and soil conditions. One key feature of this form is the cost plus pricing structure, where the owner pays for the actual costs of materials along with a pre-determined fee for the contractor's services. This agreement also includes provisions for changes to the scope of work and the associated costs from these changes. Both parties are required to adhere to payment timelines, with penalties for late payments. Additionally, the contractor provides warranties on workmanship for up to one year. Legal professionals, such as attorneys and paralegals, can utilize this form to ensure compliance with state laws and provide clarity in construction agreements, making it a valuable resource for owners and contractors alike.
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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).
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
