Home Fee Cost Plus Contract With Contractor In Philadelphia

• Category: Construction - Contractors
• State: Multi-State
• County: Philadelphia
• Control #: US-00462
• Format: Word; Rich Text

Description

The Home Fee Cost Plus Contract with Contractor in Philadelphia outlines the agreement between a contractor and an owner for constructing a residential project. Key features include a detailed scope of work describing the project's plans and specifications, the location of the work site, and the responsibilities of both parties regarding permits and soil conditions. The contractor is responsible for obtaining necessary permits, while the owner must ensure proper soil assessment before construction. Additionally, the contract includes provisions for changes to the scope of work, specifying that any modifications must be documented through a written change order. The fee structure allows owners to pay for the actual cost of materials plus a specified service fee, providing transparency in costs. Late payment penalties are also stipulated, along with a warranty limited to workmanship defects for one year. This contract is particularly useful for attorneys, partners, property owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it facilitates clear communication and expectations between contractors and owners, thus reducing potential disputes.