Oakland Michigan Basic Construction Contract is a legally binding agreement between a contractor and a client for construction services in Oakland County, Michigan. This contract sets out the terms and conditions under which the construction work will be performed, outlining the responsibilities, rights, and obligations of both parties involved. It helps to ensure a smooth construction process and provides legal protection for all parties. Keywords: Oakland Michigan, Basic Construction Contract, construction services, Oakland County, terms and conditions, responsibilities, rights, obligations, smooth construction process, legal protection. Different types of Oakland Michigan Basic Construction Contracts may include: 1. Fixed Price Contract: This type of contract sets a specific price for the entire construction project. The contractor agrees to complete the work within the agreed-upon budget, and any additional costs or changes are the responsibility of the contractor. 2. Cost-Plus Contract: In this type of contract, the client agrees to reimburse the contractor for the actual cost of materials, labor, and other expenses incurred during construction, plus an additional fee or percentage for the contractor's overhead and profit. 3. Time and Material Contract: This contract is often used for smaller construction projects or projects with undefined scopes. It allows the client to pay the contractor based on the actual time spent on the project and the materials used, along with an agreed-upon markup percentage. 4. Design-Build Contract: This type of contract combines the design and construction phases into a single agreement. The contractor is responsible for both the design and construction of the project, providing a streamlined process and potentially reducing costs and time. 5. Lump-Sum Contract: Also known as a fixed-sum contract, this agreement sets a total fixed price for the entire project. The contractor is responsible for completing the construction work within the specified budget, regardless of any cost fluctuations or changes encountered during the project. 6. Unit Price Contract: This contract involves the client paying the contractor based on predetermined unit prices for specific items or tasks, such as per square foot, per cubic yard, or per hour. The final payment is calculated by multiplying the unit prices by the quantity of work performed. It is essential for both the contractor and the client to thoroughly review and understand the terms and conditions specified in the Oakland Michigan Basic Construction Contract before signing it to ensure a successful and legally protected construction 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.