Washington Residential Construction Contract - Lump Sum
What is this form?
The Residential Construction Contract - Lump Sum is a legally binding document that outlines the terms of construction or renovation work for a single-family residence. This contract specifies that payment to the contractor will be made as a lump sum, meaning the total agreed amount is paid for the entire scope of work rather than on a piece-by-piece basis. This form is essential for establishing clear responsibilities and payment structures, helping to protect both the homeowner and the contractor throughout the project.
Key parts of this document
- Parties involved: Identifies the contractor and owner.
- Scope of Work: Details the duties of the contractor and descriptions of the project plans.
- Lump Sum Pricing: Defines the total contract amount and payment schedule.
- Permits and Liabilities: Clarifies who is responsible for obtaining necessary permits and associated costs.
- Changes and Claims: Procedures for handling changes to the project and claims related to costs or delays.
- Insurance Requirements: Lists the insurance the contractor must maintain during the project.
Situations where this form applies
This form should be used when entering into a construction agreement for a residential project where the owner prefers to pay a single, predetermined amount for the entire job. It is suitable for home renovations or new construction projects when the scope of work is well-defined, and both parties are in agreement on the payment structure.
Who can use this document
This form is intended for:
- Homeowners looking to renovate or construct a single-family residence.
- Contractors providing residential construction services.
- Property developers who need clear contractual outlines for their construction projects.
Steps to complete this form
- Identify and enter the names and contact information for both the contractor and the owner.
- Specify the property address where the construction will take place.
- Detail the agreed-upon lump sum amount for the project and any down payment details.
- Outline the scope of work, including any plans attached as exhibits.
- Ensure both parties sign the contract, including any necessary exhibits.
- Keep copies of the contract for both parties' records, including any future change orders.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, having a notary can enhance its validity in certain situations and provide additional protection to both parties.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to clearly define the scope of work, leading to misunderstandings.
- Not including key details in payment schedules, such as down payment and retainage conditions.
- Neglecting to secure necessary permits prior to the start of work.
Why use this form online
- Convenience of downloading and customizing the form to meet specific project needs.
- Editability allows for easy updates to terms and conditions as the project evolves.
- Reliability of having a document drafted with input from legal professionals.
