Construction Cost Plus With Showtime In Wake

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

Description

The Construction Cost Plus With Showtime in Wake document serves as a binding contract between the contractor and the owner for construction projects. It outlines the scope of work, including labor and materials required for the construction of the residence, and identifies the work site where the project will occur. Key features include provisions for obtaining necessary permits, managing soil conditions, and maintaining insurance coverage. The cost structure allows for a cost-plus payment arrangement, where the owner reimburses the contractor for actual costs incurred plus an additional fee for services. The document also stipulates procedures for making changes to the scope of work through written change orders and outlines late payment terms. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require clear terms and responsibilities in construction agreements. It provides a straightforward framework to mitigate potential disputes and offers legal protections concerning warranties and liabilities. Overall, it facilitates effective management of construction projects while safeguarding the interests of all parties involved.