Contract Cost Plus Agreement With Mexico In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with Mexico in Phoenix is a legal document designed to outline the expectations and responsibilities between a Contractor and an Owner for a construction project. Key features of this contract include a detailed scope of work outlining the tasks and materials needed, specifications regarding soil conditions, permit acquisition, and liability coverage through insurance. Notably, the fee structure allows for payment based on actual costs incurred by the Contractor, plus a set fee, providing flexibility for projects. The agreement also specifies procedures for making changes to the scope of work, including the necessity of written change orders, and addresses consequences for late payments, including possible late charges. Additionally, it includes a warranty clause on workmanship defects for one year, ensuring protection for the Owner against poor quality work. This form is particularly useful for attorneys, partners, and owners involved in construction, as it clarifies legal obligations and minimizes disputes, offering peace of mind through clearly defined contracts. Paralegals and legal assistants will find this document valuable for drafting and managing such agreements efficiently.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
