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Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Form With Decimals In King

Q: What is the main contract in construction?

The &#039;main contract&#039; is generally that which is awarded by the client (sometimes referred to as the employer) to the general contractor, or main contractor, whose tender has been accepted.

Category:

Construction - Contractors

State:

Multi-State

County:

King

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Form with Decimals in King is a structured legal document designed for agreements between contractors and owners regarding construction projects. Key features include a detailed scope of work, work site specifications, requirements for permits, and stipulations about soil conditions. It covers the insurance responsibilities of the contractor and necessitates the provision of a boundary survey and title opinion by the owner before construction begins. The form outlines provisions for changes in the scope of work, specifying that alterations must be documented via written change orders. Additionally, it describes the contractor's fee structure, accommodating both cost-plus and fixed fee arrangements. The form includes terms for late payments and default, imposing a 1% late fee and outlining the procedure for collection costs. Lastly, it limits the warranty provided by the contractor to a one-year period for defects in workmanship. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in real estate and construction law, as it offers a clear, comprehensive framework for managing construction agreements while ensuring legal protections for both parties.

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FAQ

Bilateral contracts are agreements in which both parties exchange mutual promises to perform certain obligations, making this type of contract the most common in business transactions.

What is a standard form contract? While many contracts are entirely purpose made, standard form contracts consist of standardised, pre-written terms and conditions. Because standard form contracts are familiar to people in an industry, they often function effectively without the need for much negotiation.

The 'main contract' is generally that which is awarded by the client (sometimes referred to as the employer) to the general contractor, or main contractor, whose tender has been accepted.

The NEC4 Engineering and Construction Contract (ECC) is the main works contract in the NEC4 suite of collaborative, flexible and clearly written contracts for built environment procurement. Buy now.

The (), ConsensusDocs, Design Build Institute of America (DBIA) and Engineers Joint Contract Documents Committee publish the most common forms used in the United States, while international projects often use forms available from the International Federation of Consulting Engineers ( ...