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Construction Contract for Home - Fixed Fee or Cost Plus

Contract Cost Plus Form For Construction In Phoenix

Category:

Construction - Contractors

State:

Multi-State

City:

Phoenix

Control #:

US-00462

Format:

Instant download

Description

The Contract Cost Plus Form for Construction in Phoenix is a legally binding agreement between a contractor and an owner for the construction of a project. This form specifies the scope of work, including labor and materials, and outlines the work site where the project will be constructed. Key features include the contractor's obligation to obtain necessary permits, insurance coverage details, and the provisions for changes to the scope of work through written change orders. A significant aspect is the cost structure, where the owner agrees to pay the actual cost of materials plus a specified fee. This form includes clauses related to late payments, warranties, and site conditions, protecting both parties during the construction process. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for documenting construction agreements and managing project changes. Users can readily edit and fill out the form with specific details, ensuring compliance with local regulations.

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FAQ

Written by LetsBuild. Follow us. Share this story. The () designs and sells hundreds of contract documents – contracts. These forms define everything that will happen during a project's design and construction.

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.

How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.