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The Home fee cost plus contract with guaranteed maximum in Clark is a legal document that outlines the agreement between a contractor and an owner for construction work. It specifies the scope of work, location, permits, soil conditions, insurance requirements, and payment structure. Key features include the option for owners to make changes to the work via written change orders and clear clauses on late payments and warranty terms. The form allows for a cost-plus fee structure, enabling flexibility in cost management. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured framework for construction projects and ensures compliance with local regulations. It simplifies the contracting process by providing clear guidelines, which helps mitigate disputes. Users can easily fill in specific details like payment amounts and project descriptions, making it adaptable to various project needs.
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.
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