Home Fee Cost Plus Contract For Construction In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract for Construction in Wake is a comprehensive legal document designed for use between a contractor and an owner embarking on a construction project. This contract outlines key components including the scope of work, work site details, conditions regarding permits and soil, insurance obligations, and procedures for any changes to the project. It specifies that the owner's payment to the contractor can be structured as a cost-plus arrangement or a fixed fee. Notably, the contract includes provisions for late payments, warranties, and liability, ensuring both parties are protected. For attorneys, partners, and legal assistants, this contract serves as a vital resource for structuring agreements and mitigating risks associated with construction projects. Paralegals and associates will find it essential for understanding the contractual obligations and guiding clients through the process. The clarity and structure of the form enable users with varying legal expertise to effectively complete and amend the document as needed.
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FAQ
Transaction costs include but are not limited to the costs of preparing the bidding package, estimating, drawing up a contract, administering the contract, and dealing with any deviations from contract conditions. Transaction costs constitute an important part of the construction owner's budget.
