General Contractor Contract With Owner

State:
Virginia
Control #:
VA-00462-12
Format:
Word
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Description

The General Contractor Contract with Owner is a formal agreement detailing the responsibilities and expectations between a contractor and an owner regarding a construction project. Key features include a clear scope of work outlining materials and labor, a defined work site location, and timelines for project completion. The contract specifies the financial arrangement, allowing for both cost-plus and fixed fee payment structures, while also addressing late payment consequences and insurance requirements. Changes to the project can be made via written Change Orders, ensuring both parties' agreement. Importantly, it establishes terms for handling damage to the project and includes a warranty section for work performed. This contract serves as a vital tool for ensuring clarity and compliance in the construction process. For attorneys, partners, and paralegals, it provides a legal framework to advise clients on construction projects. Owners will find it essential for understanding their rights and obligations, while associates and legal assistants can utilize it for administrative support in managing project documentation.
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FAQ

How do I create an Independent Contractor Agreement?State the location.Describe the type of service required.Provide the contractor's and client's details.Outline compensation details.State the agreement's terms.Include any additional clauses.State the signing details.

What is a Contract?The contract should describe, in detail, the products to be used and how the work will be performed, i.e., size, color, who will be doing what work, amounts of materials provided, manufacturer model number, etc.There must be a detailed, written payment schedule in the contract.More items...

Yes, upon 15 days' written notice to the Contractor, the Owner may, without prejudice to any other right or remedy, elect to abandon the work ,or terminate the Contract for its convenience..

Protect Yourself When Hiring a ContractorGet Proof of Bonding, Licenses, and Insurance.Don't Base Your Decision Solely on Price.Ask for References.Avoid Paying Too Much Upfront.Secure a Written Contract.Be Wary of Pressure and Scare Tactics.Consider Hiring Specialized Pros for Additional Guidance.Go With Your Gut.

What should be included in a Contractor Agreement?Statement of Relationship.Project Description.Payment and Billing Terms.Responsibilities of Each Party.Project Timeline and Deadlines.Termination Conditions.Nondisclosure Terms, and Confidentiality and Non-Compete Clauses.

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General Contractor Contract With Owner