Contract Contractor Building For Sale In Wake

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

Description

The Contract Contractor Building for Sale in Wake is a legal document that outlines the responsibilities and expectations of the contractor and the owner concerning the construction of a residential project. Key features of this contract include a detailed scope of work, identification of the work site, and the requirement for permits and insurance. The contractor is responsible for obtaining necessary permits and must maintain adequate insurance coverage, while the owner must provide a boundary survey and title opinion prior to construction. The contract allows for changes to the scope of work through written change orders, with agreements on cost adjustments communicated. Payment terms are specified, either as a cost-plus arrangement or a fixed fee, with penalties for late payment. The contractor's warranty limits liability to defects in workmanship for one year from the date of signing, with material warranties being assigned to the owner. This form is specifically useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate construction projects by providing a clear framework for the contract process, ensuring legal compliance, and protecting both parties' interests throughout the building process.