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Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Cost Plus With Guaranteed Maximum Price In Kings

Category:

Construction - Contractors

State:

Multi-State

County:

Kings

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Kings is designed for a collaborative build between the Contractor and Owner, ensuring clear expectations and financial accountability. This contract specifies the scope of work, which includes detailed plans and specifications approved by both parties. It establishes the work site, the responsibility for obtaining necessary permits, and outlines that the Contractor bears no liability for soil conditions. Key features include the ability for the Owner to request changes to the scope of work through a written Change Order, which may affect costs. Importantly, the Contractor's fee can be structured as either cost-plus or fixed-fee, allowing flexibility based on project needs. The form also includes terms for late payments and a warranty limited to defects in workmanship for one year. This contract is beneficial for attorneys, owners, and legal professionals who need to facilitate construction projects while ensuring that all parties understand their rights and obligations. Properly completing this form aids in mitigating risks and establishing a clear roadmap for the project's financial and operational execution.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

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