Construction Contract Cost Plus Withholding In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus Withholding in Franklin is a legal document outlining the agreement between a Contractor and an Owner for construction services. This contract specifies the scope of work, including tasks and materials required for the project, which is clearly defined in the plans and specifications attached to the contract. It emphasizes that the project will take place on the Owner's designated property and necessitates obtaining necessary permits and approvals. The agreement includes clauses on soil conditions, insurance requirements, and the process for making changes to the scope of work through written change orders. A key feature is the payment structure, allowing for either a cost-plus fee or a fixed fee arrangement, which enables flexibility based on the project's needs. Additional terms address late payment penalties and warranty conditions for workmanship. This contract is particularly useful for attorneys, partners, and owners involved in construction projects, as it sets a clear framework and expectations for all parties involved. Paralegals and legal assistants will find it beneficial for understanding construction law and ensuring compliance with local regulations, aiding in the preparation and management of construction-related documentation.
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