Cost Plus Construction Contract With Example In Michigan
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Description
The Cost Plus Construction Contract is a legal agreement outlining the terms between a Contractor and an Owner in Michigan for constructing a project. This contract allows the Owner to pay the Contractor for the actual cost of materials plus an additional fee for labor. Key features include a clear scope of work, responsibilities regarding permits, and provisions for changes to the work scope through written change orders. It also specifies that the Contractor is not liable for soil conditions at the work site, emphasizing the Owner's responsibility to address any additional site work. The document provides detailed payment terms, including penalties for late payments, and a limited warranty on workmanship. This contract is essential for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it ensures a comprehensive understanding of obligations, protects against unforeseen expenses, and facilitates best practices in construction projects. Users should fill in specific project details and pricing, and it is recommended to seek legal counsel for editing to ensure compliance with Michigan’s construction laws.
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