Home Fee Cost Plus Contract With Guaranteed Maximum In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Middlesex outlines an agreement between a Contractor and an Owner for construction work. Key features include a detailed scope of work, the necessity for permits, and acknowledgment of soil conditions that may incur additional costs. The Contractor is responsible for maintaining insurance and hiring licensed professionals for boundary surveys and title opinions. Changes to the scope of work must be documented through written Change Orders, with the Owner liable for any cost increases. The contract specifies a cost-plus pricing structure, ensuring transparency in payments for materials and services while also allowing for a fixed fee option. Owners must be aware of late payment penalties and the limited warranty on workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, allowing them to clarify responsibilities and financial obligations, thereby mitigating potential disputes.
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