Construction Cost Plus With Example In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract outlines the agreement between the Contractor and Owner for a construction project, detailing the scope of work, work site, permits, insurance, and payment structure. Specifically regarding the 'Construction cost plus with example in Maricopa', this method allows the Owner to pay the Contractor for actual materials and labor costs, in addition to a predefined fee, providing flexibility in budgeting, particularly valuable in fluctuating market conditions. Key features include the obligation for the Contractor to obtain necessary permits, the Owner's responsibility for soil conditions at the work site, and a clear process for making changes through written Change Orders. Filling out this form requires both parties to specify financial arrangements and any additional expenses outside the typical scope of work. This contract is especially useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants, as it ensures legal protections, outlines responsibilities, and provides a structured approach to managing construction projects. Users in Maricopa can benefit from local regulations and permit requirements, making this contract especially relevant in that jurisdiction.
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FAQ
A total Transaction Privilege (Sales) Tax rate of 8.35%, (6.35% State and County, 2.00% Prescott), is imposed on the gross income of any person engaging in Construction Contracting. If tax has been neither separately charged nor separately collected, factoring of tax is allowed in computing taxable income.
