Home Fee Cost Plus Contract With Guaranteed Maximum In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Guaranteed Maximum in Fulton is a construction agreement that outlines the obligations of the Contractor and the Owner. This contract includes details about the scope of work, site conditions, insurance requirements, and payment structure, highlighting both cost-plus and fixed-fee payment options. Key features include the requirement for the Contractor to obtain necessary permits, the stipulation of a late payment charge, and a one-year warranty on workmanship defects. This form is particularly useful for legal professionals such as attorneys and paralegals who assist clients in construction projects, ensuring clear terms and conditions to protect both parties involved. Moreover, it's suited for Owners looking for transparency in construction costs and Contractors who want a structured process for managing changes and additional site work expenses. Filling out the form requires careful attention to specific details about the project, including the exact scope of work and payment terms, which must be documented thoroughly to avoid future disputes.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
