Home Fee Cost Plus Contract With Guaranteed Maximum In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Allegheny serves as a binding agreement between the Contractor and the Owner for the construction of a residence. It outlines the scope of work, which includes all labor and materials necessary for the project as detailed in the accompanying plans and specifications. The form specifies the site of work and requires the Contractor to secure all necessary permits at the Owner's expense. It includes provisions about potential soil conditions, indicating that the Contractor bears no responsibility for unforeseen soil issues, which may result in additional costs for the Owner. Importantly, the contract incorporates a cost-plus fee structure, where the Owner pays for the actual cost of materials plus a predetermined sum for services. The form mandates that any changes to the scope of work must be documented through a 'Change Order', with the Owner responsible for any additional expenses incurred. Other key features include insurance requirements for the Contractor, late payment penalties, and a warranty limited to one year for workmanship defects. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants managing construction contracts, as it provides a clear framework for responsibilities and financial commitments.
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