This form is designed for use between Commercial Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Oregon.
A Bend Oregon Commercial Contract for Contractor is a legally binding agreement that outlines the terms and conditions between a contractor and a client for the completion of commercial construction projects in Bend, Oregon. This contract ensures that both parties are protected and have a clear understanding of their roles and responsibilities throughout the project. The Bend Oregon Commercial Contract for Contractor specifies the scope of work, project deadlines, payment terms, insurance requirements, dispute resolution procedures, and other essential details. It establishes a framework for the successful execution of commercial construction projects and sets the expectations for both the contractor and the client. There are different types of Bend Oregon Commercial Contracts for Contractor, including: 1. Lump Sum Contract: This type of contract involves a fixed price for the entire project. The contractor agrees to complete the project within a specified timeframe and for a predetermined sum. Any additional costs incurred due to unforeseen circumstances or changes in the project scope are usually the responsibility of the contractor, unless otherwise stated in the contract. 2. Cost Plus Contract: In a cost plus contract, the client agrees to pay the contractor the actual cost of the project, plus a predetermined percentage or fee. This type of contract is commonly used when the project scope is not fully defined, and changes are expected during the construction process. The client has more flexibility to make adjustments throughout the project, but may also bear the risk of cost overruns. 3. Time and Material Contract: This type of contract is based on the actual time worked by the contractor and the cost of materials used. The contractor charges an hourly rate for labor and provides receipts for material expenses. It is typically used for small or short-term projects where the scope may vary or for maintenance and repair work. 4. Design-Build Contract: In a design-build contract, the contractor assumes responsibility for both the design and construction aspects of the project. This integrated approach allows for greater efficiency and streamlined communication between the contractor and the client. The contract may include provisions for design revisions and cost adjustments if necessary. It is essential for both contractors and clients in Bend, Oregon to carefully review and understand the terms and conditions outlined in the Commercial Contract for Contractor before signing. Seeking legal advice to ensure compliance with local construction laws and regulations is highly recommended. By entering into a well-drafted contract, both parties can minimize disputes and ensure a successful outcome for the commercial construction project.
