Construction Cost Contract Plus Withdrawal In Wake

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

Description

The Construction Cost Contract Plus Withdrawal in Wake is a legal document used to formalize agreements between contractors and property owners regarding construction projects. The contract outlines the scope of work, including construction details, site specifications, and necessary permits, ensuring both parties understand their responsibilities. A key feature is the provision for changes in the scope of work, which can be made through written 'Change Orders' that may affect project costs. The contract stipulates payment methods, either through actual costs plus a fee or a fixed fee structure, and includes provisions for late payments and default. Additionally, warranty clauses limit contractor liability to one year for workmanship defects while assigning manufacturer warranties to the owner. This document is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing construction agreements, facilitating legal compliance and mitigating disputes.