The Hennepin County Contract for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents is a legally binding agreement that outlines the terms and conditions for a construction project in Hennepin County, Minnesota. This contract ensures that the contractor is responsible for providing all necessary materials, equipment, and labor to complete the construction as specified in the contract documents. The contract documents, which are enumerated and attached to the agreement, typically include detailed drawings, specifications, and other project-specific requirements. These documents serve as a guide for the contractor to understand the scope of work, project timeline, and quality standards to be met throughout the construction process. It is important to note that there might be different types of Hennepin County Contracts for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents, depending on the specific nature of the construction project. Some common variations or additional provisions that may exist are: 1. Lump Sum Contract: This type of contract sets a fixed price for the entire construction project. The contractor agrees to complete the project within the specified budget, regardless of any unforeseen circumstances or changes in the scope of work. 2. Cost Plus Contract: In this type of contract, the contractor is reimbursed for the actual costs incurred during construction, including materials, labor, and overhead expenses. Additionally, the contractor is paid a predetermined fee or percentage of the total cost as profit. 3. Design-Build Contract: This contract combines the design and construction phases, where the contractor is responsible for both designing the building and performing the construction work. This streamlined approach allows for better collaboration between the designer and contractor, potentially reducing costs and construction time. 4. Time and Material Contract: This contract is commonly used when the scope of work is uncertain or subject to change. The contractor is reimbursed for labor and materials based on pre-determined rates, with the addition of any agreed-upon profit margin. Regardless of the specific type of Hennepin County Contract for Construction of Building, all contractors and subcontractors are required to adhere to local building codes, safety regulations, and any other applicable laws throughout the construction process. This ensures the safety, quality, and compliance of the building project within Hennepin County, Minnesota.
Hennepin Minnesota Contract for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents
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FAQ
Five Essential Elements of a Construction Contract Full Name, Address, and Signatures of Both Parties. Though this may sound obvious, this commonly overlooked element of construction contracts is required to make the contract legally binding.Scope of Work.Project Cost and Payment Terms.Schedule of Work.Authority.
AIA Document B104-2017 is intended for use on construction projects of limited scope and complexity. B10420102017 is an abbreviated version of B101-2017. B104 contains a compressed form of basic services with three phases: design, construction documents, and construction.
What Clauses Should I Include in my Construction Contract? Price Sum. Often, the first thing spelled out in a construction contract is the total, agreed-upon price for the project.Payment Terms.Change Orders.Claims.Resolutions.Termination.Insurance.
So let's look at those three contract types in a bit more detail. Fixed price contracts. With a fixed price contract the buyer (that's you) doesn't take on much risk.Cost-reimbursable contracts. With a cost-reimbursable contract you pay the vendor for the actual cost of the work.Time and materials contracts.
Five Essential Elements of a Construction Contract Full Name, Address, and Signatures of Both Parties. Though this may sound obvious, this commonly overlooked element of construction contracts is required to make the contract legally binding.Scope of Work.Project Cost and Payment Terms.Schedule of Work.Authority.
Five Essential Elements of a Construction Contract Full Name, Address, and Signatures of Both Parties. Though this may sound obvious, this commonly overlooked element of construction contracts is required to make the contract legally binding.Scope of Work.Project Cost and Payment Terms.Schedule of Work.Authority.
Three Common Construction Contracts FIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts.COST PLUS.GUARANTEED MAXIMUM PRICE.
It is important to include a description of the payment process in the contract, including the timing, documents required, approval process, and the terms of final payment. This clause should contain language about how often payments are to be made on an on-going project.
Statutory warranties the work will be performed with due care and skill. the work will be in accordance with any plans and specifications set out in the contract. all materials supplied will be suitable for the purpose for which they are to be used. materials will be new, unless otherwise specified.