Home Fee Cost Plus Contract With Gmp In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with GMP in Suffolk is a detailed agreement between a contractor and an owner for the construction of a residence. It outlines the scope of work, including all labor and materials required for the project, and specifies the location where the work will be performed. The contractor is responsible for obtaining necessary permits and ensuring proper insurance coverage during construction. Importantly, the contract allows for changes to the project scope through a written change order, with the owner agreeing to pay any additional costs incurred. The fee structure can be either cost plus or fixed fee, giving flexibility based on the owner's preference. Furthermore, this contract includes provisions for late payments and a warranty that covers defects in workmanship for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, providing clarity on obligations and financial responsibilities associated with construction projects.
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FAQ
How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
A home improvement contract can include: The name and address of the homeowner. The name, business address, and registration number of the contractor. A description of the work to be done. The scope of work, which includes the main work and what incidental work is and isn't covered by the agreement.
