Home Fee Cost Plus Contract With Contractor In Illinois

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

Description

The Home fee cost plus contract with contractor in Illinois is a legal document that outlines the agreement between a contractor and an owner for construction services. This contract specifies the scope of work, detailing the contractor's responsibilities, such as providing labor and materials, and the location of the project. It includes provisions for obtaining necessary permits and clarifies that soil conditions and additional site work will be the owner's responsibility if they exceed standard excavation. The contract allows for changes to the scope of work through written Change Orders, with costs agreed upon upfront or estimated thereafter. Payment terms are established, either through actual costs plus a fee or a fixed sum. The contract also addresses late payments and provides warranty limitations on workmanship defects for a year after completion. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, assisting them in ensuring compliance with state regulations, maintaining clear communication in contractor-owner relationships, and protecting clients' legal and financial interests throughout the construction process.