Home Fee Cost Plus Contract With Contractor In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Contractor in Chicago outlines the agreement between the contractor and the owner for residential construction services. It specifies the scope of work, location of the project, and responsibilities for obtaining necessary permits. The form emphasizes that the contractor is not liable for existing soil conditions at the work site and details the owner's obligations concerning insurance and boundary surveys. A key feature is the flexible payment structure, where the owner agrees to pay for the actual cost of materials plus a predetermined fee for the contractor's services. The form includes clear instructions for making changes to the scope of work and outlines the consequences of late payments. This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction, as it provides a legally binding framework to ensure clarity and protect the interests of both parties during the construction process.
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FAQ
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.
