Home Fee Cost Plus Contract With Contractor In Wake

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

Description

The Home Fee Cost Plus Contract with Contractor in Wake outlines the agreement between the Contractor and Owner for construction services on specified property. Key features include the scope of work, which details the labor and materials required for the project; the work site, where the construction will occur; and the requirement for obtaining necessary permits. Important clauses address soil conditions, insurance responsibilities, and the necessity for boundary surveys before starting construction. The contract includes provisions for changes to the scope of work through written Change Orders and specifies payment terms for the cost plus contractor fee. It also stipulates late payment penalties and warranty limitations. This form is particularly useful for attorneys, partners, and paralegals when negotiating construction contracts, as it clearly delineates the responsibilities of each party and protects their interests. Owners will benefit from clarity on their financial obligations and project scope, while associates and legal assistants can utilize it as a model for drafting similar agreements.