Contract Cost Plus Form Template With Drop Down List In Wayne

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

Description

This form is a Construction Contract. The form contains the following subjects: scope of work, work site, and insurance. The contractor's warranty is limited to defects in workmanship within the scope of the work performed by the contractor.


What is a Construction contract agreement?


If you’re planning to build, renovate or reconstruct your house, you will need to enter into a contract for home construction with the building contractor, defining your mutual rights and responsibilities. This agreement contains project specifics, the contractor’s license and insurance details, the requested scope of work, etc. It may also determine the potential lien on the property should the work not be paid in full.


Types of construction contracts


Depending on the payment arrangements determined by parties, there are four basic types of home builders’ contracts:


1. Fixed price (or lump-sum) agreements set the price for the completed job right from the start. Although fixed, the document may also include provisions defining penalties (for example, if the constructor fails to finish the work on schedule).


2. Cost plus construction agreements set the price for the finished work based on building materials and labor with additionally mentioned “plus” (a percentage of the total costs or a fixed fee).


3. Time and material agreements set the price for the work without a “plus,” but the client pays the contractor a daily or hourly rate while they are under contract.


4. Unit-price agreements are standard in bidding, particularly for federal building projects. Both owner and contractor define the price that the contractor charges for a standard unit without any specific extra fees for other units.


The first two types of contract for home construction mentioned are the most popular ones. Let’s take a closer look at them.


Fixed price vs. cost-plus contract benefits


The fixed price agreement benefits owners more than builders, as it determines at the moment the parties seal the deal the exact price the contractor will get after they complete all the work. Builders risk not getting the estimated profits they initially anticipated, as expenses may increase significantly but remain the constructor’s responsibility.


The cost-plus construction deal contains the evaluation of the final project cost; however, it doesn’t determine the final contract price until the contractor completes all the work. Unlike the fixed-price agreement, it separates expenses and sets the profit rate (as a percentage of the final project cost or as a flat amount), so contractors prefer this type of agreement; it is riskier for homeowners.


Information you should provide in the construction contract agreement


The presented Construction Contract for Home is a universal multi-state construction contract template. This sample describes typical terms for a home building contract. Download a printable document version from our website or amend and fill it out online. Make sure to provide the following information:


• Name and contact details of the contractor and their license number;


• Name and contact details of the homeowner;


• Property legal description from county clerk’s records;


• Project description with blueprints and building specifications;


• Scope, description of work, and its estimated final dates;


• Costs of work and responsibilities of parties for any breach of contract.

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FAQ

Insert a combo box or a drop-down list Go to Developer > Combo Box Content Control or Drop-Down List Content Control . Select the content control, and then select Properties. To create a list of choices, select Add under Drop-Down List Properties. Type a choice in Display Name, such as Yes, No, or Maybe.

Insert a drop-down list box On the form template, place the cursor where you want to insert the control. If the Controls task pane is not visible, click More Controls on the Insert menu, or press ALT+I, C. In the Controls task pane, do one of the following. Under Insert controls, click Drop-Down List Box.

Insert a combo box or a drop-down list Go to Developer > Combo Box Content Control or Drop-Down List Content Control . Select the content control, and then select Properties. To create a list of choices, select Add under Drop-Down List Properties. Type a choice in Display Name, such as Yes, No, or Maybe.

First, navigate to “File” and select “Options.” In the Word Options dialog, choose “Customize Ribbon.” Check “Developer” in the right pane and click “OK.” With the Developer tab visible, users can access form controls, enabling the addition of textboxes, checkboxes, and dropdown lists.

On the Data validation rules panel, under "Criteria," select an option: Dropdown from a range: Choose the cells to include in the list. Dropdown: Enter the dropdown value. Tips. Optional: If you enter data in a cell that doesn't match an item on the list, it is rejected. Click Done.

Steps to Create a Fillable Form in Word Step 1: Open Microsoft Word. Launch Microsoft Word on your computer and create a new document. Step 2: Enable the Developer Tab. Step 3: Insert Form Fields. Step 4: Customize Field Properties. Step 5: Protect the Form. Step 6: Save and Distribute.

How to add a drop-down list in Word in 5 simple steps Enable the Developer tab (if not already enabled) ... Navigate to the Developer tab. Insert a Dropdown Control. Customize the Word drop-down list. Save and use the Microsoft Word drop-down list:

More info

Manage your construction projects with transparency using this cost-plus construction contract template, which outlines fees, expenses, and payment terms. Any time extension to the Substantial Completion date shall be documented in a Change Order.Our general contractor agreement (cost plus fee) template helps reimburse contractors for the actual costs of construction work. This list will auto populate the Employee Names in the drop down menu found in Column C of the Labor Summary (Office), Labor Summary (cell) and TE Summary tabs. Utilize our free and well-structured cost-plus construction contract to establish and manage a harmonious working relationship on projects for all parties. The Office of Wayne County Register of Deeds records various types of documents, mostly relating to interests and transfers of property.

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Contract Cost Plus Form Template With Drop Down List In Wayne