Home Fee Cost Plus Contract With Construction Company In Wayne

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

Description

The Home Fee Cost Plus Contract with Construction Company in Wayne is a legal document outlining the agreement between a contractor and an owner for the construction of a residential project. Key features include the scope of work, project site details, permit responsibilities, and insurance requirements. The contractor is compensated based on actual costs of materials plus a specified fee, or a fixed fee can be arranged instead. Owners have the ability to request changes to the project through a written change order, which may increase overall costs. The form mandates payment terms, including late payment penalties, and limits the contractor's warranty on workmanship defects to one year. This contract serves a vital purpose for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for construction agreements, addressing common issues, and ensuring both parties' rights and responsibilities are comprehensively outlined. Users with little legal experience will find the plain language and structured format of the form helpful in navigating construction contracts.