Construction Cost Contract Plus Withdrawal In Bexar

• Category: Construction - Contractors
• State: Multi-State
• County: Bexar
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Cost Contract Plus Withdrawal in Bexar is designed to formalize the agreement between a contractor and an owner for constructing a residential project. It outlines key components such as the scope of work, work site details, and responsibilities regarding permits and insurance. This contract emphasizes that the contractor will not be liable for soil conditions at the work site, which must be assessed by the owner beforehand. Additionally, it allows the owner to make changes to the project scope through written change orders, with a clear mechanism for adjusting costs. Payment terms include options for cost-plus or fixed-fee agreements, and penalties for late payments. The contractor's warranty is limited to workmanship defects reported within one year. This document serves as a critical tool for attorneys, partners, owners, associates, paralegals, and legal assistants, helping them navigate construction agreements by ensuring all contingencies and responsibilities are clearly defined.