Home Fee Cost Plus Contract Format In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract format in Chicago is a legally binding agreement between a contractor and an owner outlining the construction of a residential project. This contract specifies the scope of work, work site, required permits, and conditions related to soil, insurance, and changes to the project. A key feature of this format is the cost-plus payment structure, where the owner pays for the actual cost of materials plus an additional fee for the contractor's services. This contract also includes provisions for late payment charges and warranties on workmanship. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to ensure clarity in project expectations and financial responsibilities. It is essential to fill in specific details like the project description, work site, payment amounts, and any changes to the scope in writing. By using this contract, users can protect their interests, manage costs transparently, and ensure compliance with local regulations.
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FAQ
A home improvement contract can include: The name and address of the homeowner. The name, business address, and registration number of the contractor. A description of the work to be done. The scope of work, which includes the main work and what incidental work is and isn't covered by the agreement.
