Home Fee Cost Plus Contract Format In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract Format in Salt Lake is a legal document designed for construction projects, detailing the agreement between the Contractor and Owner. It outlines the scope of work, which includes the construction of a residence based on agreed plans and specifications. Key features include provisions for permits, soil conditions, insurance requirements, and the process for making changes to the scope of work via written Change Orders. The contract allows for a cost-plus fee arrangement where the Owner agrees to cover actual material costs along with a specified amount for services rendered by the Contractor. Additionally, it addresses late payment penalties and warranty limitations for workmanship. This form is particularly useful for attorneys, partners, and owners involved in property development, as well as associates and paralegals who may facilitate contract negotiations. Legal assistants will benefit from understanding its structure for better documentation management and compliance with local regulations.
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10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •
Commercial Paper Funding Facility. The Federal Reserve Board established a Commercial Paper Funding Facility (CPFF) on March 17, 2020, to support the flow of credit to households and businesses.
Definition. A contract where the contractor recovers actual costs incurred for completed work.
