Construction Contract Cost Plus With Guaranteed Maximum Price In Phoenix

State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Phoenix is a legally binding agreement between a contractor and owner that outlines the conditions for constructing a residential project. It includes sections detailing the scope of work, work site, permit acquisition, soil conditions, and insurance requirements. A key feature is the payment structure, allowing for a cost-plus model where the owner pays for the actual costs plus a fee, ensuring transparency in expenses. Additionally, provisions for changes in scope allow owners to modify the project while agreeing to cover any additional costs. The form also addresses late payment penalties and contractor warranties. This form serves various target audiences, including attorneys who may need to review or negotiate contracts, partners coordinating construction projects, owners seeking detailed terms, and legal assistants preparing documentation. It is crucial for maintaining clarity and compliance throughout the construction process.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.

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Construction Contract Cost Plus With Guaranteed Maximum Price In Phoenix