Home Fee Cost Plus Contract With Contractor In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Contractor in Maricopa is a formal agreement outlining the responsibilities and obligations of the contractor and the owner for a residential construction project. This contract specifies the scope of work, project location, and the financial arrangements, including the 'cost plus' fee structure, where the owner pays for actual contractor costs plus an additional agreed sum. Key features include provisions for permits, site conditions, insurance, changes to the scope of work, late payment penalties, and warranties. Users are instructed to ensure all modifications to the project are documented through written change orders. The form is particularly useful for attorneys, partners, and legal assistants engaged in real estate or construction law, as it provides a clear framework for managing construction contracts. Paralegals and associates would find the form beneficial for assisting in legal documentation, ensuring compliance with local regulations, and understanding client obligations. The contract also serves as an important reference point for owners, detailing their rights and responsibilities, while protecting contractors from unforeseen site conditions.
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FAQ
50% up front is normal especially on smaller projects. On larger projects you should argue against 50% and instead set a calender of stages and payments.
