Home Fee Cost Plus Contract With Construction Company In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Construction Company in Nassau is a legal agreement that defines the terms under which a construction project will be completed. This contract specifies the scope of work, location of the project, responsibilities regarding permits, and liabilities related to site conditions. Key features include a clear outline of payment structures, such as a cost plus model, which details that the owner will pay for the actual costs of materials in addition to a specified fee for the contractor's services. The form also highlights the need for written change orders for any modifications in the project scope and stipulates a late payment policy with associated fees. For professionals like attorneys, partners, owners, associates, paralegals, and legal assistants, this document serves as an essential tool that provides a clear legal framework for residential construction projects, reduces the potential for disputes, and outlines contractor obligations including insurance and warranty details. Completing this form requires careful attention to the specific agreements and changes in scope that may arise throughout the project lifecycle. It is highly useful for ensuring that both parties have agreed to the terms before construction begins and for maintaining a professional and legally binding relationship.
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FAQ
Every contractor I've worked with has taken 50% up front and 50% when the job is finished. This is normal. One thing I would recommend is you vet your contractor thoroughly--check reviews, make sure they have a legitimate website, testimonials etc...
