Construction Contract Cost Plus Withholding In Washington

State:
Multi-State
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Construction Contract for cost plus withholding in Washington outlines the agreement between the Contractor and the Owner regarding the construction of a residential project. It details the scope of work, work site, permits, soil conditions, insurance, and requirements for surveys and title. Key features include the cost structure, where the Owner agrees to pay the actual costs for materials plus a specified contractor fee, and the process for making changes to the scope of work through written Change Orders. The contract emphasizes the Owner's responsibility for any additional expenses related to soil conditions and permits. Payment terms include a late payment fee of 1% if payments are delayed beyond ten days. This contract serves as a crucial document for legal professionals, including attorneys and paralegals, who need to evaluate or draft construction agreements. It is particularly useful for Owners and Contractors in ensuring mutual understanding and accountability in construction projects. Legal assistants may find it beneficial for organizing required paperwork and managing timelines effectively.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Services are generally taxable in Washington state, including the following: Construction services. Installing, cleaning, repairing or otherwise altering or improving personal property of consumers (including interior cleaning services) Landscaping and landscape maintenance (including horticulture services)

Services are generally taxable in Washington state, including the following: Construction services. Installing, cleaning, repairing or otherwise altering or improving personal property of consumers (including interior cleaning services) Landscaping and landscape maintenance (including horticulture services)

Landscape design services Do not collect sales tax on the design services. If you provide landscaping design and installation services, then report the total income under the retailing B&O tax on your tax return, and collect and remit retail sales tax on these services.

Professional services are generally not taxable in Washington State. However, some services are subject to sales tax. “Constructing and decorating real or personal property for others” is taxable.

Report a fraudulent or unregistered contractor online, or call the Report-a-Fraud line at 1-888-811-5974.

All work shall be limited to minor and casual work of existing residential maintenance and repair with a total dollar value of time and materials under two thousand dollars.

Construction Contractors Must Be Registered. Washington State requires all construction contractors to register with L&I. State law also requires construction contractors to be bonded and insured to protect the public. Once registered, contractors can bid, advertise, and perform construction work.

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Construction Contract Cost Plus Withholding In Washington