Contract Cost Plus Agreement With Mexico In Michigan
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Description
The Construction Contract form outlines a cost-plus agreement specific to projects taking place in Michigan with parties engaged in construction work, such as Contractors and Owners. Key features of this form include a detailed scope of work, addressing site conditions and permitting requirements, which ensure clarity on the responsibilities of both parties. The Contractor is tasked with obtaining necessary permits, while the Owner is responsible for understanding soil conditions and any additional costs associated with site work. This contract allows for changes in scope through written change orders, ensuring both parties agree on any adjustments in costs. The fee structure can be either cost-plus, where the Owner pays for the Contractor's actual costs plus a set fee, or a fixed fee arrangement, making payment expectations clear. Late payment penalties and warranty terms are also specified to protect both parties' interests. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it provides a structured legal framework for negotiating and executing construction projects.
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Michigan construction contract requirements Only residential construction contracts are regulated in Michigan. Such contracts must be in writing, include the contractor's license number (if a license is required), and cite the statute that requires the contractor to be licensed for their particular trade.
