Cost Plus Contract In Construction In Washington

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

Description

The Cost Plus Contract in construction in Washington is a legal agreement between a contractor and an owner, wherein the owner agrees to pay the actual costs incurred by the contractor for materials plus a specified fee for services rendered. This contract outlines the scope of work, work site, permits, and insurance requirements. It emphasizes the importance of maintaining written records for any changes to the scope of work, which must be documented through 'Change Orders.' One of the significant features includes the owner's responsibility for additional costs arising from unforeseen soil conditions. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides clear guidelines for contractor performance, payment terms, and responsibilities. The contract helps mitigate risks related to project costs and timelines, ensuring that all parties are well-informed of their obligations. Additionally, the form addresses late payments and warranty provisions, which are critical for protecting both the contractor and the owner.