Available for immediate electronic download:
Use the “Agreement Between Owner and Contractor; Cost-Plus” (C-525), to specify appropriate compensation provisions and conditions applicable to cost-plus. It covers a spectrum of key issues: - contract time and price, - cost of work, - contractor's fee, - work changes, - payment procedures, - representations as to examination of the contract documents, - site conditions, - legal requirements applicable to work performance, and - various administrative provisions. The document also verifies that the contractor has made independent investigations of latent subsurface and physical conditions as considered necessary and warrants that no additional examinations, investigations, or tests are required by the contractor.