Get Tennessee Construction Contract Cost Plus Or Fixed Fee

Filling out the Tennessee Construction Contract Cost Plus Or Fixed Fee form is an essential part of formalizing agreements between contractors and owners. This guide provides a clear, step-by-step process to ensure that you complete the form accurately and effectively, whether you are experienced in such matters or new to contract management.

Follow the steps to fill out the form correctly.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. In the first section, enter the name and address of the Contractor. This identifies who will perform the work outlined in the contract.
3. Next, fill in the name and address of the Owner. This shows who is hiring the Contractor.
4. Specify the scope of work. Clearly describe what the Contractor will be doing, including referencing any attached drawings and specifications.
5. Indicate the work site by providing the property address where the project will take place.
6. Set a time for completion by entering start and completion dates to ensure all parties are aware of the project timeline.
7. In the permits section, ensure you note that the Contractor is responsible for obtaining necessary permits as part of the project cost.
8. Address soil conditions by stating that the Contractor is not liable for pre-existing conditions at the work site.
9. Fill in the insurance section by specifying the types of insurance the Contractor will maintain.
10. Define any changes to the scope of work, noting that these must be documented through signed Change Orders.
11. Choose either cost plus or fixed fee payment structure and enter the corresponding amounts.
12. Review the late payment/default terms to ensure understanding of the implications of overdue payments.
13. Ensure the destruction and damage clauses are completed to outline responsibilities in case of unforeseen damages.
14. Finalize by signing the contract, and make sure to provide the date and any necessary license information.
15. Once completed, save changes, and consider downloading or printing the form for your records.

Complete your construction contracts online with confidence.