Types Of Construction Contracts Cost Plus In Michigan

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The construction contract emphasizes various types of construction contracts in Michigan, notably the cost-plus contract, which stipulates that the owner pays the contractor for actual construction costs plus an additional fee. Key features include a detailed scope of work, requirements for permits, the role of soil conditions, and insurance obligations of the contractor. The contract mandates that any alterations to the project must be documented through written change orders, with associated costs being the owner's responsibility. Specific payment terms outline late payment penalties and warranty limitations on workmanship. This form is particularly helpful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear and structured framework for creating legally binding construction agreements. Users can benefit from understanding their rights and obligations regarding construction projects, enhancing their ability to navigate legal complexities in construction law.