Home Fee Cost Plus Contract With Construction Company In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Construction Company in Oakland is a legally binding agreement between a contractor and an owner outlining the terms for residential construction projects. This contract specifies the scope of work, which includes all labor and materials based on the owner's selected plans. It also details the work site location, permit requirements, and conditions related to soil, emphasizing that the contractor bears no responsibility for soil conditions. A key feature is the contract's pricing structure, allowing the owner to pay for the actual cost of materials along with a fixed fee for services. Changes to the scope of work are permissible through written change orders, with costs subject to owner approval. The form includes provisions for insurance, late payment penalties, and warranty limitations, ensuring both parties are protected. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction, providing a clear framework to manage expectations, liabilities, and regulatory compliance.
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FAQ
Percentage-Based Fees The percentage depends on the type of project but is typically between 6% and 15%, depending on the size and complexity.
The contract should describe, in detail, the products to be used and how the work will be performed, i.e., size, color, who will be doing what work, amounts of materials provided, manufacturer model number, etc. There must be a detailed, written payment schedule in the contract.
It is essential to the existence of a contract that there should be: Parties capable of contracting; Their consent; A lawful object; and, A sufficient cause or consideration.
