Home Fee Cost Plus Contract Formula In Washington

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

Description

The Home fee cost plus contract formula in Washington is a construction contract that outlines the agreement between a contractor and an owner regarding the construction of a project. This form includes a detailed scope of work, specifying what the contractor will provide, as well as various permits that the contractor must obtain. A significant feature of this contract is the cost plus arrangement, where the owner agrees to pay the actual cost of materials plus a specified fee for the contractor's services. The document details procedures for changes in scope, insurance requirements, and stipulates the conditions for late payments. It provides necessary guidelines for how the contractor will be compensated and addresses the responsibilities of both parties concerning soil conditions and warranty issues. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects as it ensures clarity and protects both parties' interests within the legal framework of Washington. The straightforward instructions for filling out the form make it accessible to users with various levels of legal expertise.