Contract Cost Plus Agreement With Canada In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract outlines a detailed agreement for a project between a Contractor and an Owner, specifically tailored for a Contract cost plus agreement with Canada in Chicago. This form lays out the scope of work, specifying that the Contractor will provide all necessary labor and materials to construct the residence described by the Owner's plans. It includes provisions about the work site, permits required, and soil conditions, emphasizing the Owner's responsibilities for any additional site work and permits. The document also covers insurance obligations of the Contractor, including general liability and workers' compensation. Key features include the ability for the Owner to request changes to the scope of work through written Change Orders, with costs incurred by such changes outlined for payment. The form clearly states the Contractor's fee structure, allowing for both cost-plus and fixed-fee options. It addresses late payment penalties and the Contractor's warranty on workmanship. This form serves as a vital tool for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured and legally binding framework for construction projects, ensuring compliance with local regulations and safeguarding the interests of both parties.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
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.
