Contract Cost Plus Agreement For Construction In Utah
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Description
The Contract Cost Plus Agreement for Construction in Utah is a legally binding document that outlines the obligations and responsibilities of both the contractor and the owner for a construction project. The form specifies the scope of work, location, permits, and conditions under which the contractor operates. A significant feature of this agreement is the cost-plus compensation structure, where the owner agrees to pay the actual cost of materials plus a specified fee for services. The agreement also covers additional expenses for changes in project scope, insurance requirements, and warranty limitations. It effectively protects both parties through documented permissions and clear outlines of responsibilities, especially regarding soil conditions and additional work. Ideal for attorneys, partners, and owners, this agreement ensures clarity and legal compliance, making it useful for any party involved in construction projects. Paralegals and legal assistants will benefit from the detailed formatting and specific instructions included in the document when assisting clients or drafting agreements.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
Can I be my own Contractor? Pursuant to Utah State Code 55-55-305 a property owner is exempt from licensure and may engage in acts or practices included within the practice of construction trades subject to the stated circumstances and limitations within the Code.
