Construction Fee Plus Form With Two Points In Michigan

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

Description

The Construction Fee Plus Form with Two Points in Michigan serves as a comprehensive contract between a contractor and an owner for construction projects. This form outlines the scope of work, locations, permits, and liabilities, ensuring clarity on both parties' responsibilities. A notable feature is the option for either a cost-plus or fixed fee structure, allowing owners to select a payment model that suits their financial planning. It mandates that any modifications to the scope of work must be documented through a written Change Order, ensuring all changes are agreed upon explicitly. Additionally, the form addresses insurance requirements and late payment penalties, providing protection and assurances for both parties. It is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it establishes clear expectations, helps manage risks, and facilitates communication throughout the construction process. Users are advised to fill in specific property and project details clearly, and to retain copies of all correspondence and documentation related to the project for future reference.