Home Fee Cost Plus Contract With Guaranteed Maximum 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 guaranteed maximum in Wake is designed for homeowners and contractors to outline the terms of construction projects. This document establishes the responsibilities of both parties, including the scope of work, site details, and the necessary permits needed for construction. A key feature of this contract is the cost-plus fee arrangement, where the owner agrees to pay the actual costs of materials plus a specified sum for services, with the inclusion of a guaranteed maximum cost. The form also details how to handle changes to the scope of work through written change orders and stipulates penalties for late payments. For attorneys, partners, owners, associates, paralegals, and legal assistants, this contract serves as a critical tool in ensuring compliance with local regulations and protecting the interests of both parties during construction. It is essential for users to follow the filling and editing instructions carefully, particularly when specifying costs and change orders, to maintain a clear and enforceable agreement.
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