Home Fee Cost Plus Contract With Gmp In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with GMP in Hennepin is a construction agreement between a contractor and the owner for building a residence. This contract outlines the scope of work, specifying that the contractor provides all necessary labor and materials based on plans agreed upon by both parties. It includes provisions for site work, permitting, and insurance, ensuring clarity on responsibilities regarding soil conditions and permissions. Key features include a cost-plus fee structure, where the owner pays the actual costs of materials along with a set fee for services, and guidelines for making changes to the scope of work through written change orders. The contract addresses late payment penalties and warranty limitations, particularly for defects in workmanship. It serves as a vital tool for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction projects, providing a legal framework for mutual agreements, protecting interests, and ensuring compliance with local regulations.
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