Home Fee Cost Plus Contract With Guaranteed Maximum In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Pima is a construction contract designed to outline the terms and expectations between a contractor and an owner regarding the construction of a property. Key features include the scope of work detailing labor and materials required, the work site specifications, and the obligation of the contractor to obtain necessary permits. This form also clarifies the financial terms, allowing owners to agree to pay actual costs plus a specified fee, alongside provisions for late payments and warranty limitations. Filling instructions emphasize the need for clear descriptions of the project and its specifications, as well as proper communication regarding any changes via formal change orders. This contract is particularly useful for attorneys, partners, and legal assistants as it provides a structured approach to managing construction agreements, outlining responsibilities, and mitigating risks associated with project changes and financial obligations. Legal professionals can leverage this form to protect their clients' interests, ensure compliance with local laws, and maintain clarity throughout the construction process.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
