Home Fee Cost Plus Contract With Gmp In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with GMP in Wake is a legally binding agreement designed for construction projects between a contractor and an owner. This form outlines the scope of work, including the specific tasks and materials involved in the construction of a residence as per the owner's requirements. Key features of the contract include the obligations regarding permits, insurance, and soil condition assessments. It allows for modifications to the project through written Change Orders and stipulates the payment structure, which can be on a cost-plus basis or a fixed fee basis. The contract also addresses late payment penalties and includes a warranty on workmanship for one year. This form is particularly useful for legal professionals, construction firms, and property owners, as it clarifies responsibilities and expectations, thus minimizing potential disputes during the construction process. Attorneys, partners, and associates will find it valuable for drafting precise agreements, while paralegals and legal assistants will benefit from the structured format, which simplifies filling and editing. Ensuring clear communication of terms within this contract helps protect the interests of all parties involved.
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