Home Fee Cost Plus Contract With Guaranteed Maximum In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Riverside outlines a detailed agreement between a contractor and an owner for the construction of a residential project. This contract specifies the scope of work, work site, and responsibilities related to permits and insurance. The contract includes provisions for potential changes to the scope of work and the associated costs, which will be handled through written change orders. An essential feature is the cost plus method where the owner agrees to pay for the actual costs incurred by the contractor along with a predetermined fee. The contract also details late payment penalties and a warranty period for workmanship defects. This form is particularly useful for attorneys, partners, owners, and legal associates involved in construction projects as it provides a clear framework for financial obligations, potential liabilities, and procedural guidelines. Paralegals and legal assistants can utilize this form to ensure compliance with local regulations and facilitate smooth project management throughout the construction process.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
