This form is designed for use between Commercial Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Michigan.
The Grand Rapids Michigan Commercial Contract for Contractor is a legally binding agreement between a contractor and a client for the execution of commercial construction projects within the Grand Rapids region. This contract outlines the terms, conditions, and responsibilities of both parties involved, ensuring a smooth and transparent working relationship. Keywords: Grand Rapids Michigan, Commercial Contract for Contractor, legally binding agreement, contractor, client, commercial construction projects, terms, conditions, responsibilities, smooth, transparent, working relationship. Types of Grand Rapids Michigan Commercial Contract for Contractor: 1. Design-Build Contract: This type of contract involves the contractor being responsible for both the design and construction phases of the project. The client entrusts the contractor to handle the entire project, including architectural and engineering aspects, ensuring a streamlined process. 2. Lump Sum Contract: A lump sum contract is a fixed-price agreement where the contractor commits to completing the project for a specific amount. The client pays the agreed-upon amount regardless of the actual project costs, providing both parties with financial certainty. 3. Cost-Plus Contract: In a cost-plus contract, the client agrees to pay the contractor for both the actual costs incurred during construction and an additional percentage as a fee. This type of contract is especially useful when project costs are uncertain or subject to change. 4. Time and Materials Contract: Under a time and materials contract, the client pays the contractor based on the actual labor, materials, and equipment used, including an agreed-upon hourly rate for labor and the cost of materials. This type of contract is generally used when project requirements are not fully defined. 5. Unit Price Contract: A unit price contract involves setting prices for specific units of work, allowing for greater flexibility in terms of quantity variations. The client pays the contractor based on the predefined unit prices multiplied by the actual quantity of work completed. In all types of Grand Rapids Michigan Commercial Contracts for Contractors, it is crucial to include provisions related to project timelines, payment schedules, change orders, dispute resolution, insurance, safety measures, and warranties. These contracts protect both the contractor and the client by clearly defining their rights, obligations, and expectations throughout the project.The Grand Rapids Michigan Commercial Contract for Contractor is a legally binding agreement between a contractor and a client for the execution of commercial construction projects within the Grand Rapids region. This contract outlines the terms, conditions, and responsibilities of both parties involved, ensuring a smooth and transparent working relationship. Keywords: Grand Rapids Michigan, Commercial Contract for Contractor, legally binding agreement, contractor, client, commercial construction projects, terms, conditions, responsibilities, smooth, transparent, working relationship. Types of Grand Rapids Michigan Commercial Contract for Contractor: 1. Design-Build Contract: This type of contract involves the contractor being responsible for both the design and construction phases of the project. The client entrusts the contractor to handle the entire project, including architectural and engineering aspects, ensuring a streamlined process. 2. Lump Sum Contract: A lump sum contract is a fixed-price agreement where the contractor commits to completing the project for a specific amount. The client pays the agreed-upon amount regardless of the actual project costs, providing both parties with financial certainty. 3. Cost-Plus Contract: In a cost-plus contract, the client agrees to pay the contractor for both the actual costs incurred during construction and an additional percentage as a fee. This type of contract is especially useful when project costs are uncertain or subject to change. 4. Time and Materials Contract: Under a time and materials contract, the client pays the contractor based on the actual labor, materials, and equipment used, including an agreed-upon hourly rate for labor and the cost of materials. This type of contract is generally used when project requirements are not fully defined. 5. Unit Price Contract: A unit price contract involves setting prices for specific units of work, allowing for greater flexibility in terms of quantity variations. The client pays the contractor based on the predefined unit prices multiplied by the actual quantity of work completed. In all types of Grand Rapids Michigan Commercial Contracts for Contractors, it is crucial to include provisions related to project timelines, payment schedules, change orders, dispute resolution, insurance, safety measures, and warranties. These contracts protect both the contractor and the client by clearly defining their rights, obligations, and expectations throughout the project.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
