Construction Cost Plus Withdrawal In Pima

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

Description

The Construction Contract is a crucial document for establishing a legally binding agreement between the Contractor and Owner for construction projects in Pima. It specifies the scope of work, detailing responsibilities and expectations for both parties, including labor and materials needed to complete the residence as outlined. The contract highlights that the Contractor must apply for necessary permits, with associated costs covered by the Project budget. Soil conditions and their implications for costs are clearly addressed, ensuring the Owner understands that extra work resulting from adverse soil conditions falls under their responsibility. The Contractor is required to maintain insurance to protect against potential risks, while the Owner must provide a boundary survey and title opinion before construction begins. The contract allows for adjustments to the scope of work via written change orders, which may incur additional costs that the Owner agrees to cover. Payment options include either a cost-plus approach or a fixed fee, ensuring clarity in financial arrangements. Owners are also informed of consequences for late payments, reinforcing the importance of adhering to financial obligations. Overall, the form is designed to protect the interests of both parties while ensuring a clear framework for construction projects.