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Get Texas Construction Contract Cost Plus Or Fixed Fee 2020-2025
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How to fill out the Texas Construction Contract Cost Plus Or Fixed Fee online
This guide provides a comprehensive overview of how to complete the Texas Construction Contract Cost Plus Or Fixed Fee online. Whether you are a contractor or an owner, following these steps will help ensure that all necessary information is accurately filled out and that the contract is legally sound.
Follow the steps to complete the form effectively.
- Press the ‘Get Form’ button to access the document; this will open the form in your online editor.
- Enter the contractor's name and address in the designated fields, ensuring that the information is accurate and complete.
- Input the owner’s name and address in the respective fields, ensuring clarity for both parties involved.
- Detail the scope of work in the provided section, including descriptions from the project drawings and specifications.
- Specify the work site location clearly to avoid ambiguity regarding where the project will be executed.
- Fill in the commencement and completion dates for the work to establish a project timeline.
- Indicate any necessary permits the contractor is responsible for obtaining, referencing the local regulations.
- Discuss the soil conditions and clarify that the contractor is not liable for such issues unless agreed upon via a change order.
- Choose between the cost-plus and fixed fee payment structure by detailing payment amounts and methods.
- Review and document any change orders including potential cost impacts due to unanticipated changes.
- Complete the section related to lien waivers and final payment requirements to ensure compliance.
- Both parties should sign and date the contract at the bottom, ensuring that all necessary signatures are obtained.
- At the end, save your changes, and then choose to download, print, or share the completed form as necessary.
Start filling out your Texas Construction Contract Cost Plus Or Fixed Fee online today!
Budget: A fixed-price contract is just that: fixed. The agreed-on price at the beginning of the project is the price at the end. Conversely, a cost-plus contract estimates a project's costs but doesn't set the final price until the project is completed.
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