Home Fee Cost Plus Contract With Guaranteed Maximum In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Guaranteed Maximum in King is a comprehensive agreement designed for residential construction projects. This document outlines the responsibilities of both the contractor and the owner, including scope of work and site specifications. Notably, it incorporates a cost-plus payment structure, allowing the owner to pay for actual materials used plus a predetermined fee, enhancing budget transparency. The contract mandates that all changes to the project must be documented through formal change orders, ensuring clear communication and expectations. Filling instructions emphasize obtaining necessary permits and providing a land survey, which are critical for compliance and project initiation. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law. It aids in preventing disputes over project costs and scope, while also ensuring both parties understand their obligations and rights. By utilizing this contract, legal professionals can facilitate smoother project execution and protect their clients' interests effectively.
Free preview
