Contract Cost Plus Form For Contractors In Michigan

State:
Multi-State
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Contract Cost Plus Form for Contractors in Michigan is designed to facilitate agreements between contractors and owners regarding construction projects. This form allows for flexible pricing, where the owner pays the contractor the actual cost of materials plus an additional agreed-upon fee, which is particularly useful in projects where costs may vary. Key features include sections for detailing the scope of work, worksite location, required permits, insurance obligations, and provisions for changes in the scope of work through a change order process. Users must ensure accurate completion of all sections, particularly the cost details and payment schedule, to avoid disputes. The form serves as an essential tool for attorneys, partners, owners, associates, paralegals, and legal assistants in Michigan by providing a clear structure for contractual obligations. It assists in defining responsibilities and liabilities, thus minimizing potential legal complications. Ease of editing and filling is crucial for maintaining clear communication between all involved parties throughout the project's duration.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Mich. Comp. Laws § 339.1004 Section 339.1004 - Employment or consulting agent; license required; requirements for issuance; operating independently (1) An individual shall not operate as an employment agent or consulting agent in this state without first obtaining the appropriate license from the department.

The Tobacco Products Tax Act P.A. 327 of 1993, requires anyone who buys directly from a manufacturer or out of state distributor to hold a State of Michigan Tobacco Products Tax License as either a wholesaler or an unclassified acquirer.

The Michigan Department of Human Services provides a different type of license to each type of group home: child-care, adult-care, teenager care or disabled care. To apply for a license, go to the Michigan Department of Human Services and fill out the online form for your group home.

A contractor must hold a current Michigan residential builder's license or show evidence of ability to obtain a license within six months. A contractor must demonstrate a history of having performed work of the scope and type required for the development.

Do you need a license to be a general contractor? Michigan general contractors must have a Residential Builder license to coordinate the repair, alteration, addition, subtraction or improvement of a residential structure or a combined residential and commercial structure.

Per contract law, a contract is only considered to be legally binding if it is mutually beneficial for all parties involved. This is also known as consideration. When one party does something without getting anything in return, the contract is typically considered unenforceable by the courts.

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.

Michigan construction contract requirements Only residential construction contracts are regulated in Michigan. Such contracts must be in writing, include the contractor's license number (if a license is required), and cite the statute that requires the contractor to be licensed for their particular trade.

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Contract Cost Plus Form For Contractors In Michigan