Home Fee Cost Plus Contract With Guaranteed Maximum In Utah

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

Description

The Home fee cost plus contract with guaranteed maximum in Utah outlines the agreement between a contractor and an owner for construction services. This contract specifies the scope of work, including detailed project descriptions and site locations. It mandates the contractor to obtain necessary permits, while also noting that they are not liable for soil conditions at the work site. Insurance requirements and warranty provisions are established to protect both parties. A significant feature is the contractor's fee structure, allowing for actual costs plus a specified amount, or a fixed fee. Changes to the project scope can be made through written 'Change Orders,' with costs agreed upon in advance. This form is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear, structured framework for construction agreements, minimizing legal risks, and ensuring compliance with local regulations.