Home Fee Cost Plus Contract Formula In Wake

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

Description

The Home Fee Cost Plus Contract Formula in Wake is designed for construction projects where the Owner compensates the Contractor based on actual costs plus an additional fee. The form outlines the scope of work, identifies the work site, and specifies permits the Contractor must obtain. It includes provisions for handling soil conditions, insurance responsibilities, and the need for a boundary survey and title opinion before construction begins. Owners may change the scope of work via written Change Orders, with associated costs addressed throughout the process. The contract also stipulates a late payment penalty and warranty terms for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, ensuring that all parties understand their roles and responsibilities while protecting their legal interests.