Cost Plus Contract In Building In Michigan
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Description
The Cost Plus Contract in building in Michigan is a crucial legal document that outlines the agreement between a contractor and an owner for construction projects. This contract specifies that the owner will pay the actual costs incurred for materials and labor, plus an additional fee for the contractor's services. Key features of this contract include the scope of work, work site details, permit responsibilities, and stipulations regarding soil conditions. The form also addresses changes to the project scope, allowing owners to modify plans through a written change order, which may affect costs. For filing, users must clearly enter information such as project specifications, payment structures, and any alterations throughout the construction. This document serves various target audiences, including attorneys who need to ensure compliance with legal standards, owners who seek to understand their financial obligations, and paralegals who assist in documentation preparation. Additionally, associates and legal assistants may find it valuable for managing project timelines and ensuring all required permits and insurance are in place. Overall, the Cost Plus Contract provides a transparent structure for managing costs and responsibilities in Michigan's construction projects.
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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.
