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Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Form With Decimals In Hennepin

Category:

Construction - Contractors

State:

Multi-State

County:

Hennepin

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Form with decimals in Hennepin is a legally binding document between a contractor and an owner, outlining the terms and conditions for a construction project. It details the scope of work, which includes the materials and labor needed for the project, and specifies the work site location. Key features include requirements for permits, how to address soil conditions, and insurance obligations for the contractor. The contract allows for changes in the scope of work through written Change Orders, ensuring that any additional costs are accounted for. Payment options are flexible, offering both cost-plus and fixed-fee structures, with clear stipulations regarding late payment penalties. Contractors are limited in their warranty obligations, covering only workmanship defects for one year while assigning material warranties to the owner. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in real estate or construction law, as it provides a comprehensive framework for managing construction agreements and protecting the interests of both parties.

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Form popularity

FAQ

How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.

How to draft a contract in 13 simple steps Start with a contract template. Understand the purpose and requirements. Identify all parties involved. Outline key terms and conditions. Define deliverables and milestones. Establish payment terms. Add termination conditions. Incorporate dispute resolution.

What should I include in a construction contract template? Name and contact information of the project owner. Name and contact information of the contractor. Legal description of the property being worked on. Detailed description of the work to be completed. Completion date and date of final payment.