Cost Plus Contract For Construction In Maricopa

• Category: Construction - Contractors
• State: Multi-State
• County: Maricopa
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Contract for construction in Maricopa is a comprehensive legal document that outlines the agreement between the contractor and owner for a construction project. It specifies the scope of work to be performed, detailing the materials and labor required to create the agreed-upon residence according to the owner's specifications. The contractor has the obligation to secure necessary permits and is not liable for soil conditions at the work site, which remain the owner's responsibility. Essential elements of this contract include provisions for insurance, changes to the scope of work via written change orders, and the method of compensation, which is based on actual construction costs plus a fixed fee. The agreement also includes terms for late payments, default penalties, and a limited warranty on workmanship valid for one year. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear structure for managing project expectations, responsibilities, and financial agreements, thereby mitigating disputes and ensuring compliance with local regulations.