Home Fee Cost Plus Contract Formula In Ohio
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Description
The Home Fee Cost Plus Contract Formula in Ohio is a construction contract that outlines the relationship between the Contractor and the Owner for a residential project. This formula allows the Owner to pay the Contractor the actual cost of materials, plus an additional sum for the Contractor's services. Key features of the contract include a clear scope of work, a defined work site, and specific provisions regarding permits, soil conditions, and insurance. The contract also addresses potential changes to the work scope through written change orders, ensuring transparency in costs. Additionally, it outlines payment terms, including stipulations for late payments and warranties on workmanship. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate clear construction agreements, manage project costs effectively, and protect their legal interests in construction projects. Filling out the form requires careful attention to details including the scope of work, payment structure, and site specifics, making it applicable for any parties involved in residential construction in Ohio.
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