Construction Fee Plus Form With Two Points In Arizona

State:
Multi-State
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Construction Fee Plus Form with Two Points in Arizona is designed for parties involved in the construction of residential projects. This contract includes essential elements such as the scope of work, work site specifications, and responsibilities regarding permits and soil conditions. It outlines two payment structures: cost plus and fixed fee, enabling owners to choose their preferred financing method. Key features include a provision for changes to the scope of work and late payment penalties, which ensure that both parties understand their obligations. Filling out the form requires clear identification of the contractor and owner, detailed project descriptions, and agreed-upon payment terms. Legal professionals, including attorneys and paralegals, can utilize this form to streamline construction agreements, while owners and contractors benefit from explicit terms that protect their interests. Overall, this contract fosters transparency and accountability in construction projects in Arizona.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

50% up front is normal especially on smaller projects. On larger projects you should argue against 50% and instead set a calender of stages and payments.

Yes. If you are the owner of the property you may act as your own contractor. Part of the application process will ask you to sign affirming the following per the Arizona State Statute: "I am the owner of the property.

The purpose of this form is to provide a subcontractor with the validation required for tax exemption of a particular project, for a period of time, or until revoked.

The KB-2 (or Dual) license allows you to supervise or manage both residential and small commercial projects. This classification allows the scopes of work permitted by the commercial C-61 Carpentry, remodeling and Repairs and the residential R-61 Carpentry, remodeling and Repairs licenses.

For projects of $5,000 or less including labor and materials, this classification allows the licensee to perform remodeling, repairs, and improvements to existing structures or appurtenances.

The Arizona Registrar of Contractors is committed to issuing licenses in a timely manner. However, they do process the applications in the order they are received. It is taking on average 20-30 days to issue a license.

All contractors are required to be licensed through the State of Arizona, unless work falls under the Handyman Exemption A.R.S. Sec. 32-1121A.

How to get a contractor's license with no experience Proof of workers' compensation insurance. Proof of general liability insurance. Be either 18 or 21 years old. Submit criminal background checks. Surety bond. Federal Tax ID or Social Security number. Financial statements. Register your business with the state.

Arizona requires a Contractor's license to perform residential or commercial roofing work. The state offers the following license classifications: General Commercial Contractor. General Residential Contractor.

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Construction Fee Plus Form With Two Points In Arizona