Home Fee Cost Plus Contract For Construction In Utah

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

Description

The Home Fee Cost Plus Contract for construction in Utah is a legally binding agreement between a contractor and owner outlining the terms for building a residence. This contract specifies the scope of work, the work site, and the responsibilities for obtaining necessary permits. It includes provisions regarding soil conditions, insurance requirements, and the obligation of the owner to provide a boundary survey and title opinion. One of the key features is the payment structure, allowing for a cost plus fee arrangement, where the owner pays the actual cost of materials plus a set fee for the contractor's services. This form also details procedures for changes in the scope of work through written change orders and stipulates late payment penalties. For attorneys, partners, and paralegals, this contract serves as a vital tool in ensuring compliance with local regulations and protecting clients’ interests in construction projects. Owners and associates benefit from the detailed guidelines on their obligations and rights as well as clear instructions for managing potential issues during construction. Overall, this contract provides a comprehensive framework to facilitate construction projects in Utah while safeguarding all parties involved.