Construction Cost Plus Withdrawal In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Plus Withdrawal in Kings form is designed for use in construction contracts, particularly for homeowners and contractors in the Kings area. This form outlines crucial aspects of the construction project, including scope of work, work site details, permit responsibilities, soil conditions, insurance requirements, survey and title provisions, changes to the scope of work, and payment structures. Notably, it allows the Owner to opt for a cost-plus fee structure, which entails paying the actual costs of materials plus an additional fee for the Contractor's services, providing flexibility in budgeting and cost management. Filling out the form involves specifying the project's details, including location and necessary permits. Key features include late payment provisions that facilitate financial accountability and warranty limitations that clarify the Contractor's responsibilities regarding workmanship and materials. This form is particularly useful for attorneys involved in real estate, partners overseeing construction projects, owners looking to ensure clear communication with contractors, associates handling contract documentation, and paralegals and legal assistants assisting in contract preparation and management.
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FAQ
A Fixed Bid project is billed using a flat amount, regardless of the number of hours worked. This flat amount can be applied to the project as a whole, or to each week or month of the project.
