Contract Cost Plus Form Template With Percentages In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form Template with Percentages in Salt Lake is designed for constructing residential projects, outlining the responsibilities of both the Contractor and the Owner. It establishes the scope of work, work site details, necessary permits, and insurance obligations, ensuring all parties understand their roles and liabilities. A key feature of this form is its flexibility for payment structure, allowing Owners to choose between cost-plus fees or fixed fees, thus accommodating different project financing approaches. Furthermore, it includes provisions for changes in the scope of work through written Change Orders, helping to manage any unforeseen costs effectively. The form emphasizes the importance of obtaining proper surveys and title approvals prior to construction, which protects both parties. Users can fill in details specific to their projects, including payment terms and site descriptions. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear and comprehensive guide for constructing residential homes. It streamlines the contract preparation process while minimizing legal risks associated with construction projects.
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FAQ
For example, instead of writing “45 days”, an attorney would write “forty-five (45) days”. Sometimes, attorneys even use this method in writing out dollar amounts (e.g., “five thousand two hundred and 00/100 Dollars ($5,200.00)”) or percentages (e.g., “seventy-five percent (75%)”).
How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.
