Home Fee Cost Plus Contract With Contractor In Suffolk

• Category: Construction - Contractors
• State: Multi-State
• County: Suffolk
• Control #: US-00462
• Format: Word; Rich Text

Description

The Home Fee Cost Plus Contract with Contractor in Suffolk is a legally binding agreement between a contractor and an owner for residential construction projects. This contract outlines the scope of work, which includes all labor and materials necessary for the project. It specifies the work site, and mandates that the contractor obtain required permits, with associated costs being borne by the owner. The contract does not hold the contractor responsible for soil conditions and states that any additional site work due to poor soil conditions will incur extra costs for the owner. The contract includes provisions for insurance, boundary survey requirements, and a framework for changes to the project's scope through written 'Change Orders.' A cost plus payment structure is provided, detailing that the owner will reimburse the contractor for actual costs of materials plus a fixed fee. The contract also lays out consequences for late payments, and includes a limited warranty for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly defines responsibilities and liabilities, ensuring legal compliance and helping to prevent disputes during construction.