Contract Cost Plus Agreement For Construction In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement for Construction in King is a legally binding document between a Contractor and an Owner that outlines the terms for constructing a specified project on the Owner's property. Key features include a detailed scope of work, provisions for obtaining necessary permits, and the division of responsibilities related to soil conditions. The form allows for modifications to the project scope through written change orders, and it specifies a cost structure that can be based on actual costs plus a specified fee, or a fixed fee. Additional clauses address insurance requirements, late payment penalties, and warranties for workmanship defects. This form is essential for legal professionals, including attorneys and paralegals, as it helps ensure compliance with local laws and protects the interests of both parties involved. Partners, Owners, and Associates can utilize this agreement to verify expectations and responsibilities, fostering clearer communication and minimizing disputes during the construction process.
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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.
