The Construction Contract outlines the agreement between a contractor and an owner for the construction of a residential project, specifically in the context of construction cost plus with showtime in Los Angeles. Key features of the form include the detailed scope of work, responsibilities for permits and soil conditions, necessary insurance policies, and terms for any changes to the project scope. It incorporates specific provisions related to contractor fees, allowing for flexible payment arrangements either on a cost-plus basis or as a fixed fee. The contract emphasizes the necessity of written change orders for any modifications and includes terms regarding late payment fees and warranty limitations. For the target audience—attorneys, partners, owners, associates, paralegals, and legal assistants—this contract serves as a critical tool for guiding parties through the construction process, ensuring compliance with legal requirements, and protecting their interests through clear terms and obligations. Users should fill in specific project details, such as names, locations, and payment terms, and they may need to adapt sections based on the specific circumstances of the construction project.