Home Fee Cost Plus Contract With Guaranteed Maximum In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Broward is a construction agreement between the Contractor and the Owner specifying the provisions for a residential project. Key features include a clear scope of work, work site identification, and the responsibilities for obtaining permits. The contract allows for changes to the scope of work through written Change Orders, stipulating that any additional costs incurred will be the Owner's responsibility. A significant aspect is the Contractor's fee structure, which includes a cost-plus model, ensuring the Owner pays for the actual costs plus an additional fee. The contract also outlines liability, insurance requirements, and warranty terms, placing limits on the Contractor's responsibility for incidental damages. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured legal framework to protect all parties involved. It facilitates clearer communication throughout the construction process and helps in documenting the project’s parameters, ultimately minimizing disputes and misunderstandings.
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