Home Fee Cost Plus Contract With Guaranteed Maximum In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Santa Clara is a construction contract designed to outline the responsibilities of both the Contractor and the Owner in a residential construction project. This contract establishes the scope of work, which includes all labor and materials necessary to complete the Project as specified by the Owner. It identifies the Work Site, details permit responsibilities, and clarifies that the Contractor is not liable for soil conditions. Key features include a clear process for changes to the scope of work through written Change Orders, as well as a structure for the Contractor's fee, which can be based on actual costs plus a fee or a fixed fee. The contract also specifies late payment penalties and offers limited warranty terms for workmanship. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured approach to handling construction agreements and ensuring compliance with local regulations. It helps all parties understand their obligations and financial responsibilities while minimizing potential disputes.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
