Construction Contract Cost Plus With Example In Michigan
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The Construction Contract Cost Plus form is designed for use in Michigan to outline the terms between a Contractor and an Owner for a construction project. This contract structure is beneficial as it allows the Owner to pay the actual cost of materials plus a set fee for the Contractor's services. It includes essential elements such as the scope of work, work site, permits, soil conditions, insurance requirements, and conditions for changes to the project. The form also specifies the pricing arrangement, with a clear section for detailing costs and payment terms. Apart from clarifying responsibilities, it defines terms for late payments and warranties on workmanship. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this form provides a structured approach to manage construction agreements, ensuring compliance with local laws while safeguarding the interests of both parties. Users can easily fill in specific details, making the form adaptable to various projects while understanding their rights and obligations related to the construction process.
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How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
