Home Fee Cost Plus Contract Format In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract Format in Los Angeles is a comprehensive agreement designed for construction projects between a contractor and owner. Key features include a detailed scope of work, work site specifics, and the allocation of responsibility for permits and soil conditions. The contract allows for adjustments to the scope of work through written change orders, ensuring flexibility during the project. Payment terms are clearly defined, offering a cost-plus structure where the owner pays the actual cost of materials plus a fee, or a fixed fee for services rendered. This format emphasizes the importance of insurance, contractor responsibilities, and warranty conditions. Filling and editing instructions recommend that both parties carefully review and execute the relevant sections, ensuring all specifications and financial arrangements are clearly outlined. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction, as it provides a structured legal framework that aids in preventing disputes and ensuring compliance with local regulations.
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FAQ
The contract should describe, in detail, the products to be used and how the work will be performed, i.e., size, color, who will be doing what work, amounts of materials provided, manufacturer model number, etc. There must be a detailed, written payment schedule in the contract.
It is essential to the existence of a contract that there should be: Parties capable of contracting; Their consent; A lawful object; and, A sufficient cause or consideration.
