Home Fee Cost Plus Contract For Construction In Minnesota
Instant download
Description
The Home Fee Cost Plus Contract for Construction in Minnesota is a legally binding document that outlines the agreement between the contractor and the owner for a construction project. This contract includes essential sections such as the scope of work, work site specifications, necessary permits, and the responsibilities regarding soil conditions. A notable feature of this contract is the payment structure, where the owner agrees to cover the actual costs incurred by the contractor along with a specified fee for services, or alternatively, a fixed fee for the entire project. The form also emphasizes the process for changes in the project scope, requiring all modifications to be documented via written change orders. Furthermore, it includes provisions for late payments and warranties, limiting the contractor's liability to one year for workmanship defects. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects. For these professionals, it provides clarity and a structured approach to managing construction agreements, ensuring compliance with local regulations and protecting the interests of all parties involved.
Free preview
Form popularity
FAQ
Retainage is limited to no more than 5% of monthly contract payments. This may be reduced/eliminated if progress is satisfactory.
A contractor who provides services in more than one special skill area must be licensed. Specialty contractors who provide only one special skill are not required to have a state license (except residential roofers).
