Home Fee Cost Plus Contract Formula In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract formula in Phoenix is a construction contract that outlines the specifics of a project between a contractor and an owner. Key features include the scope of work, work site details, responsibility for obtaining permits, and stipulations regarding soil conditions. The contract provides two payment structures: a cost plus model, which includes actual costs plus an additional fee, or a fixed fee model with a predetermined sum for services. Filling and editing instructions encourage clarity, with required details such as property descriptions and payment schedules. It is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants for drafting, reviewing, and enforcing agreements. The contract also addresses changes in scope through written change orders, late payment penalties, and warranties for workmanship. This ensures that all parties have a clear understanding of their obligations and rights throughout the construction process.
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