Construction Contract Cost Plus Withholding Tax In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract outlines the agreement between the Contractor and Owner for building a residence. It emphasizes the scope of work, detailing the labor and materials required, alongside the project's specifications. The form includes provisions regarding the work site location, permits needed, soil conditions, and insurance obligations of the Contractor. Important features include the ability for the Owner to change the scope of work via written change orders, with the Contractor being compensated for actual costs plus a fee. The contract sets clear terms for payment, late fees, and warranties against workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a comprehensive framework for construction agreements, ensuring legal compliance and clarity on costs, responsibilities, and liabilities. By following the straightforward instructions for filling and editing, users can customize the contract to meet their specific project requirements and legal standards.
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FAQ
Labor to repair, remodel, restore or maintain residential real property is not taxable. Materials incorporated into the real property are taxable. The individual or entity responsible for paying the tax depends on the type of contract used.
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
