The Construction Contract Cost Plus Withholding in Salt Lake is a vital legal document that outlines the terms and conditions for a construction project between a contractor and an owner. This form specifies the scope of work, work site, necessary permits, and the responsibilities regarding soil conditions and insurance. Key features include the option for a cost-plus or fixed fee payment structure, as well as provisions for late payments and a one-year warranty on workmanship. Filling and editing this form requires customization of details such as names, project descriptions, and financial terms. It is suitable for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a clear outline of rights, obligations, and financial details related to construction projects. The contract aids in managing expectations and protecting the interests of both parties while ensuring compliance with local regulations.
Statutory Limitations Unless you specifically spell out a different time period in a contract, Utah law permits contract and warranty claims to be filed within six years of the date of completion (or abandonment) of the improvement.
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