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Construction Contract for Home - Fixed Fee or Cost Plus

Types Of Construction Contracts Cost Plus In Massachusetts

Category:

Construction - Contractors

State:

Multi-State

Control #:

US-00462

Format:

Instant download

Description

The document outlines a construction contract used in Massachusetts, specifically focusing on cost-plus contracts, which allow the contractor to be reimbursed for actual costs incurred plus an additional fee for services. Key features of this form include the scope of work, work site details, the requirement for necessary permits, and handling of soil conditions. The contract mandates that the contractor secures permits, and explains that soil-related additional work costs fall to the owner. The contractor is required to maintain insurance and obtain a boundary survey and title opinion before work begins. Importantly, any changes to the scope of work must be documented through written change orders, with cost implications highlighted. Payment structures include both cost-plus and fixed fee options, emphasizing clarity in cost management. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring contractual compliance and safeguarding interests throughout the construction process.

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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

The four main types include residential, commercial, industrial and infrastructure construction, but there are other types of construction as well as different ways to classify them, such as by sector, owner, occupancy or fire resistance.

Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •