Home Fee Cost Plus Contract With Contractor In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with Contractor in Wayne is a legal document that outlines the agreement between a contractor and an owner for residential construction services. This contract details the scope of work, including labor and materials, and the specific property where the project will take place. Key features include the requirement for the contractor to obtain necessary permits, address any soil condition issues, and maintain insurance coverage. Also highlighted is the provision for changes to the scope of work through written 'Change Orders' that may affect project costs. The contract specifies a cost-plus payment structure where the owner agrees to pay the contractor for actual costs plus a set fee. It emphasizes late payment consequences and includes warranty terms for workmanship defects. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear legal framework for construction projects, ensuring that all parties understand their rights and obligations. It can be modified to suit specific needs while adhering to local legal requirements, making it a versatile tool for handling construction contracts.
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FAQ
Every contractor I've worked with has taken 50% up front and 50% when the job is finished. This is normal. One thing I would recommend is you vet your contractor thoroughly--check reviews, make sure they have a legitimate website, testimonials etc...
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
