Cost Plus Fee Construction Contract In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Fee Construction Contract in Hennepin defines the agreement between the contractor and the owner for the construction of a residential project. This contract outlines key components, including the scope of work, work site details, permit responsibilities, and insurance obligations. It specifies that the contractor is paid based on the actual cost of materials plus a predetermined fee, providing flexibility in budget management for both parties. The form also includes provisions for changes in scope and the impact on project costs, ensuring transparency in financial dealings. Filling and editing instructions emphasize the need for clear communication of changes through written 'Change Orders.' This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a comprehensive framework for navigating construction projects and addressing potential disputes that may arise. Its structure allows users to easily understand and implement critical contract terms, ensuring compliance with local regulations and protecting the interests of all parties involved.
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FAQ
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.
