Home Fee Cost Plus Contract With Contractor In Arizona

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

Description

The Home Fee Cost Plus Contract with Contractor in Arizona is a detailed legal document designed to outline the terms of engagement between a contractor and an owner for construction services. Key features include the scope of work, which defines the specific project requirements, and provisions for permits and liability regarding soil conditions. A notable aspect is the cost plus payment structure, where the owner agrees to pay actual material costs plus an additional fee for services, providing flexibility in budget management. The contract includes a section for change orders, ensuring any modifications are documented and agreed upon in writing. It also stipulates responsibilities pertaining to insurance and necessary surveys before construction begins. Target users, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this contract useful for establishing clear expectations and legal protections in construction projects, mitigating risks associated with payment defaults, and ensuring compliance with local regulations. This form fosters transparent communication and can be easily modified to meet specific project needs, making it a vital tool for anyone involved in construction agreements 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

Every contractor I've worked with has taken 50% up front and 50% when the job is finished. This is normal. One thing I would recommend is you vet your contractor thoroughly--check reviews, make sure they have a legitimate website, testimonials etc...

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.

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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Home Fee Cost Plus Contract With Contractor In Arizona