Home Fee Cost Plus Contract With Gmp In Utah
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Description
The Home Fee Cost Plus Contract with GMP in Utah is a construction agreement that outlines the terms between a contractor and an owner for building a residence. Key features include a detailed scope of work, specified work site, and liabilities regarding permits and soil conditions. The contract emphasizes the importance of obtaining necessary permits, clarifying that additional expenses due to unforeseen site conditions will be the owner's responsibility. The contractor's fee can be structured as a cost plus or a fixed fee, clearly outlining payment terms. It also covers late payment penalties and warranty limitations for workmanship defects. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction law, allowing them to guide clients through the necessary legal frameworks and ensure all parties are protected in the execution of a construction project.
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