Construction Contract Cost Plus Withholding In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus Withholding in Wayne is a formal agreement between a Contractor and an Owner for construction services, detailing specific responsibilities and expectations. Key features include the scope of work, which delineates the tasks and materials required for the project, and the designated work site where construction will occur. The contract outlines that the contractor must obtain necessary permits and approvals, and it specifies responsibilities regarding soil conditions and additional site work, which may incur extra costs for the Owner. Moreover, insurance requirements are highlighted to protect both parties from liabilities associated with the project. Changes to the scope of work must be documented through change orders, allowing for adjustments in costs and construction plans. The fee structure offers flexibility, with options for cost-plus or fixed fees, and provisions for late payments and warranties that provide security for both the Contractor and Owner. This contract is particularly useful for attorneys, partners, and owners involved in construction projects, as well as associates, paralegals, and legal assistants who support legal paperwork management, ensuring clarity in project scope, financial responsibilities, and legal protections.
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