Home Fee Cost Plus Contract With Construction Company 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 Construction Company in Chicago is a detailed legal agreement designed to outline the responsibilities and expectations between a contractor and an owner regarding a residential construction project. Key features of this contract include the clear definition of the scope of work, the work site, and specific responsibilities related to permits and soil conditions. It allows for changes in the project's scope through written change orders, ensuring that owners are informed of any cost increases resulting from such changes. The contract specifies that the owner's payment to the contractor will be based on the actual cost of materials plus a fee, making it flexible for varying project scopes. With an emphasis on legal and insurance requirements, this contract addresses essential protections for both parties. Filling and editing instructions are straightforward, allowing users to complete the necessary sections carefully. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured framework for project management while covering legal implications. It serves as a reliable reference that can help avoid disputes and ensure compliance within the construction process.
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FAQ
Contract value refers to the overall financial commitment associated with a contract, including all anticipated revenue, fees, costs, and payments. It encompasses the total worth of the contract, including base fees and any additional services or modifications. Contract value is like looking at the bigger picture.
