Cost Plus Contract In Simple Words In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
A Cost Plus Contract in simple words in Maricopa outlines an agreement between a contractor and an owner for constructing a residence. In this contract, the owner agrees to pay the contractor for the actual costs of materials plus an additional fee for their services. This type of contract allows flexibility as the costs can vary based on project changes. It is essential for users to fill in the specific details such as the project scope, payment structure, and any change orders in writing. Attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this form to ensure clarity in project costs and responsibilities. The contract also addresses permits, insurance requirements, and the need for a survey beforehand. Moreover, it includes clauses for potential changes in scope and outlines the warranty limitations for workmanship. Overall, this form helps streamline construction projects while safeguarding both parties' interests.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
