Construction Fee Plus Form For Contractor In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Fee Plus Form for Contractor in Franklin serves as a detailed agreement between contractors and owners regarding the construction of a project. This form outlines the scope of work, work site, necessary permits, and soil conditions, thus providing clarity on responsibilities. It emphasizes the contractor's need for insurance and stipulates requirements for providing survey and title information. Additionally, it facilitates changes to the work scope through written 'Change Orders' to address any adjustments in project costs. The fee structure is flexible, allowing for either a cost-plus or fixed-fee payment model, ensuring transparency in financial arrangements. Late payment terms and warranty provisions protect both parties' interests, enhancing trust in the contractual relationship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it helps them navigate construction agreements, ensuring all legal obligations are met and minimizing potential disputes.
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FAQ
Most general contractors use a markup of between 15-20%. However, contractor markups largely depend on the project and average costs in the area.
