Home Fee Cost Plus Contract With Gmp In King

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

Description

The Home Fee Cost Plus Contract with GMP in King outlines the essential agreement between the contractor and the owner for residential construction projects. This contract details the scope of work, describing the responsibilities of the contractor to provide labor and materials while adhering to the specified plans. Key features include clauses on work site preparation, permit acquisition, and the handling of soil conditions, which mitigate potential liability for the contractor regarding site-specific issues. The contract allows for changes to the scope of work through written change orders, ensuring that any adjustments in project costs are formally documented and agreed upon. It specifies payment structures, offering options for a cost-plus fee arrangement, which is flexible to actual costs incurred, or a fixed fee. Late payment provisions, warranty details, and the necessity for owner-provided documentation, such as boundary surveys and title opinions, further emphasize clarity and security for both parties. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured and clear framework for contractual obligations, reducing the potential for disputes and ensuring compliance with local regulations.