Home Fee Cost Plus Contract Format In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract Format in Wake is a legal document that outlines the terms between a contractor and owner for construction services. This contract allows the owner to pay for the actual costs of materials, plus an additional fee for the contractor's services. It specifies critical elements such as the scope of work, work site details, and the responsibilities related to permits and soil conditions. The document ensures clarity around changes to the scope of work, requiring formal 'Change Orders' for modifications. Key features include provisions for insurance coverage, late payment penalties, and warranties on workmanship. This contract format is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides a clear understanding of costs and legal obligations. Filling out the form involves specifying details about the project, payment terms, and parties involved, ensuring comprehensive protection for all stakeholders.
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FAQ
FAR 16.306. It provides for two types of CPFF contracts: the Completion type, which has a “definite goal or target and specifies an end product,” and the Term type, which “obligates the contractor to devote a specified level of effort for a stated time period.”
