Cost Plus Fee Construction Contract In Pennsylvania
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Description
The Cost plus fee construction contract in Pennsylvania is a crucial legal document that outlines the agreement between a contractor and the owner for a construction project. This contract specifies the contractor's responsibilities, including providing labor and materials, and establishes a cost-plus-fee payment structure, where the owner agrees to cover the actual costs incurred by the contractor plus an additional fee. Key features include detailed provisions about the project scope, work site, permit acquisition, soil conditions, and insurance requirements. The form allows for modifications through written Change Orders, detailing adjustments to project scope and associated costs. It also addresses late payments and the warranty for workmanship. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants working in real estate or construction law, providing a clear framework for managing construction projects and resolving potential legal disputes. Users can fill out and edit the form to fit their specific project needs, ensuring all parties understand their obligations and liabilities.
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FAQ
Offer and Acceptance: One party must make an offer, and the other must accept it. Mutual Consent: Both parties agree to the terms without coercion. Contract law often refers to this condition as a "meeting of the minds." Competence: The parties must have the legal capacity to agree.
There are no statewide Pennsylvania general contractor license or certification requirements. However, any contractor who performs at least $5,000 worth of home improvements per year must register with the Attorney General's office.
