Home Fee Cost Plus Contract With Construction Company 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 a construction company in Philadelphia outlines the agreement between a contractor and an owner regarding the residential construction project. Key features include the scope of work, which specifies labor and materials to be provided, and the work site location, detailing where the project will take place. The contractor is responsible for obtaining necessary permits, while soil conditions and additional site work costs fall to the owner. Insurance responsibilities are outlined, with the contractor maintaining coverage and indemnifying the owner against claims. Changes in the scope of work require written change orders, with the owner liable for any additional costs. The contract includes payment terms, specifying that the owner will pay the contractor the actual cost of materials plus a predetermined fee. Late payment penalties and warranty provisions are also included, limiting contractor liability to specific workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, providing a structured framework for managing responsibilities, costs, and legal protections.