Home Fee Cost Plus Contract With Construction Company In Hennepin

• Category: Construction - Contractors
• State: Multi-State
• County: Hennepin
• Control #: US-00462
• Format: Word; Rich Text

Description

The Home Fee Cost Plus Contract with Construction Company in Hennepin is a legally binding agreement between a contractor and an owner focused on constructing a residence. This contract outlines the scope of work, including details on the materials and labor required, and specifies the work site. It requires the contractor to obtain necessary permits and clarifies that soil conditions are the owner's responsibility. The contractor must maintain appropriate insurance to protect against risks. Any changes to the scope of work must be documented via a written Change Order, affecting the overall cost. The contractual payment structure includes a cost plus arrangement where the owner pays for actual materials plus an agreed fee. Late payments incur a charge, while the contractor's warranty covers workmanship defects for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear framework for construction projects, aiding in compliance with local regulations, and ensuring all parties understand their rights and obligations.