Free Cost Plus Construction Contract Template
Cost Plus Construction Contract Template Free - Cost Plus Construction Contract Template: Fees, Budget & Changes.
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Date and Parties
Project Description
Contract Price and Payment Terms
Records and Documentation
Maximum Price (Optional)
Project Timeline
Change Orders
Warranties
Insurance and Liability
Termination
Governing Law
Entire Agreement
Signatures
Preview
COST PLUS CONSTRUCTION CONTRACT
This Cost Plus Construction Contract ("Agreement") is entered into on [Date], by and between:
Owner: [Full Legal Name]
Address: [Address]
Contractor: [Full Legal Name / Company Name]
Address: [Address]
"Together referred to as the \"Parties.\""
1. Project Description
"The Contractor agrees to provide construction services for the following project:"
[Describe project details, property address, and scope of work].
2. Contract Price and Payment Terms
- The Owner agrees to reimburse the Contractor for actual, documented costs of labor, materials, equipment, and subcontractors.
- Fee
- Payment shall be made on a monthly basis, upon submission of invoices and receipts.
3. Records and Documentation
The Contractor shall maintain accurate records of all costs incurred. The Owner has the right to audit such records upon reasonable notice.
5. Project Timeline
- Start Date: [Date]
- Estimated Completion Date: [Date]
- Delays caused by weather, unforeseen conditions, or Owner-requested changes may extend the timeline.
6. Change Orders
All changes to the scope of work must be documented in a written Change Order signed by both Parties, including any adjustments to costs or timelines.
7. Warranties
The Contractor warrants that all work will be completed in a professional and workmanlike manner and shall comply with applicable building codes and standards.
8. Insurance and Liability
• Contractor shall maintain general liability insurance, workers' compensation, and any other required coverage. • Contractor shall indemnify and hold harmless the Owner from claims arising from Contractor's negligence or non-compliance.
9. Termination
• Either Party may terminate this Agreement with [X days] written notice. • The Owner shall pay for all costs incurred and fees earned up to the termination date.
10. Governing Law
This Agreement shall be governed by the laws of [State/Country].
11. Entire Agreement
This document represents the entire understanding between the Parties and supersedes prior discussions.
Signatures
Owner: ____________________________
Date: _________
Name: ___________________________________________
Contractor: ________________________
Date: _________
Name/Title: ________________________________________
Frequently Asked Questions
Find answers to common questions about our templates.
You can create various real estate documents including purchase agreements, lease agreements, property management agreements, quitclaim deeds, warranty deeds, construction contracts, lien waivers, and other real estate-related legal documents.
Real estate transactions often involve significant financial investments and complex legal requirements. While our templates provide a solid foundation, we strongly recommend consulting with a real estate attorney, especially for property purchases, sales, or complex transactions.
Some of our templates are state-specific, while others are general templates that can be adapted. Real estate law varies by state, so we recommend having a local real estate attorney review your completed document to ensure compliance with your state's specific requirements.
Yes, all real estate templates are fully customizable. You can fill in property addresses, descriptions, purchase prices, terms, conditions, and any other relevant details. The preview updates in real-time as you make changes.
Many real estate documents, such as deeds and certain agreements, need to be recorded with the appropriate county recorder's office to be legally effective. We recommend consulting with a real estate attorney or title company to determine recording requirements for your specific document.
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