Construction Cost Plus Withdrawal In Phoenix

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

Description

The Construction Contract for Construction Cost Plus Withdrawal in Phoenix outlines the agreement between the Contractor and Owner, detailing the scope of work, work site, permits, insurance, and payment structure. It clarifies that the Contractor is responsible for providing all labor and materials for the project, while the Owner must supply specific site details and soil condition information. Key features include the provision for changes to the scope of work through written Change Orders, and two payment options: a cost-plus fee or a fixed fee. This form is essential for managing construction projects efficiently, ensuring all parties understand their obligations and liabilities. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clear guidelines on responsibilities and recourse in case of disputes or payment issues. Filling out this form requires attention to detail, especially regarding the specific project details and payment structure selected, making it a vital tool in the real estate and construction sectors.
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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

When plaintiffs allege construction defect claims, they often claim that the contract between the builder and the purchaser has been breached. The breach of contract action may be maintained in Arizona subject to an 8-year statute of repose. A.R.S. § 12-552.

Construction contracting (business code 015)

Applying for a License Checklist Applying as an LLC or Corporation? Form a Legal Entity. Choose Your Classification. Classification Requirements. Pass Exams. SRE: GMetrix. Submit Background Checks for All Persons. Copies of Government Issued ID for All Persons. Completed Bond. Fees. Complete Your Application!

"Prime contractor" means a contractor who supervises, performs or coordinates the modification of any building, highway, road, railroad, excavation, manufactured building or other structure, project, development or improvement, including the contracting, if any, with any subcontractors or specialty contractors and who ...

Your rental activity should be reported under the 014 (personal property rental) business code. Your business' sales should be reported under the 017 (retail) business code because your business has physical nexus with Arizona.

This applies to licensees that are registered and have filed using business code 045 indicating that license is engaged in the business classification of residential rental. Residential rental is the rental of real property for a period of 30 or more consecutive days for residential (i.e. noncommercial) purposes only.

A total Transaction Privilege (Sales) Tax rate of 8.35%, (6.35% State and County, 2.00% Prescott), is imposed on the gross income of any person engaging in Construction Contracting. If tax has been neither separately charged nor separately collected, factoring of tax is allowed in computing taxable income.

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Construction Cost Plus Withdrawal In Phoenix