"Construction Loan Agreements and Variations" is a American Lawyer Media form. This form is to be used as a construction loan agreement.
Iowa Construction Loan Agreements and Variations
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State:
Multi-State
Control #:
US-CLA198
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Word;
PDF;
Rich Text
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FAQ
Iowa has a two-year general statute of limitations for injuries to persons, "whether based on contract or tort." Iowa Code § 614.1(2). Actions based "on unwritten contracts, . . . injuries to property, or . . . fraud" are subject to a five-year limitations period.
The implied warranty of workmanlike construction addresses the inequities between the buyer and the builder-vendor by requiring that a building be constructed ?in a reasonably good and workmanlike manner and . . . be reasonably fit for the intended purpose.? Kirk v. Ridgway, 373 N.W. 2d 491, 492 (Iowa 1985).
Here are four main construction contracts to choose from, plus their pros and cons: Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.
Here are four main construction contracts to choose from, plus their pros and cons: Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.
The four main types of construction are: residential construction, commercial construction, industrial construction, and infrastructure construction.
On the Basis of Formation Express Contract. Implied Contract. Quasi Contract. E-Contract.
Lump Sum Contract. This is a fixed price contract where the contractor agrees to provide specified services for a specific price. Cost Plus. Contract. ... Small Jobs. Contract. ... Large Jobs Contract. Suitable for more extensive projects, this contract type is more detailed and covers various project aspects.
The operative part of the Iowa statute?and most of the other statutes?is that a clause and a contract effecting or collateral to a motor carrier agreement, that purports to, ?or has the effect of,? indemnifying a promisee against the promisee's own negligence is void as against public policy and unenforceable.