The Cost Plus for Construction in Salt Lake form is a construction contract that outlines the responsibilities and agreements between a Contractor and an Owner. The form details the scope of work, which includes the construction of a residence based on specific plans and specifications. It specifies the work site and emphasizes that the Contractor is not liable for existing soil conditions that may require additional work, which will be considered an added expense for the Owner. Importantly, this contract provides a payment structure based on actual construction costs plus an agreed-upon fee for the Contractor's services. It includes provisions for obtaining necessary permits and insurance coverage, ensuring compliance with local regulations. The contract also allows for changes to the project scope through written change orders, with associated costs duly acknowledged. This form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants in the construction industry, as it establishes clear terms and protections for both parties involved in a construction project while adhering to local laws and standards.
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
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