Home Fee Cost Plus Contract With Guaranteed Maximum 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 Guaranteed Maximum in Phoenix is a construction contract that outlines the responsibilities of both the Contractor and the Owner while ensuring cost transparency. It begins by detailing the scope of work, including plans and specifications. The contract states that the Contractor is responsible for obtaining necessary permits and clarifies that soil conditions are not the Contractor's liability. Key features include a clear payment structure, either as a cost-plus agreement or a fixed fee, which emphasizes the Contractor's fees, including potential additional costs for changes in scope. A late payment clause is included, imposing a 1% charge for delays over ten days. Users are instructed to provide a boundary survey and title opinion before work begins, ensuring all parties are protected legally. The warranty terms limit the Contractor's liability, while assigning manufacturer warranties to the Owner. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction projects, as it provides a reliable framework for managing construction costs and legal obligations.