Home Fee Cost Plus Contract With Contractor In Phoenix

• Category: Construction - Contractors
• State: Multi-State
• City: Phoenix
• Control #: US-00462
• Format: Word; Rich Text

Description

The Home Fee Cost Plus Contract with Contractor in Phoenix is a legal document outlining the agreement between a contractor and an owner regarding the construction of a residential project. Key features include a detailed scope of work, specifying the responsibilities of the contractor for labor and materials, and authorizing the contractor to commence necessary site work. The contract mandates that the contractor obtains required permits, with associated costs borne by the project. It addresses soil conditions, stipulating that the contractor is not liable for existing soil issues. The document requires the owner to provide boundary surveys and title opinions prior to construction. A unique aspect is the payment structure, allowing the owner to choose either a cost-plus fee or a fixed fee model for the contractor's services. It highlights the procedures for modifications to the project scope, emphasizing that any changes need to be documented via written change orders and may incur additional costs. The contract also establishes late payment terms and outlines the warranty limited to one year for workmanship issues. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction, as it clarifies roles and responsibilities, financial obligations, and dispute resolution, ensuring legal compliance and clear communication among parties.