Construction Cost Plus Withdrawal In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract is an essential legal document outlining the agreement between the Contractor and Owner for a construction project in Collin. It details the scope of work, including labor and materials, and specifies the property where the project will occur. Key features include requirements for permits, handling of soil conditions, insurance responsibilities, and procedures for changes to the scope of work via Change Orders. The contract outlines payment structures, specifically a cost plus withdrawal option, where owners agree to pay the actual costs plus a specified fee for the Contractor's services. Additional clauses address late payments, warranties, and the assignment of material warranties from manufacturers. This form is particularly useful for attorneys, partners, and owners who need a clear understanding of contractual obligations, as well as paralegals and legal assistants who may assist in drafting and reviewing the document to ensure regulatory compliance and protect the interests of all parties involved.
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FAQ
CCDC contracts are ubiquitous in the construction industry. They are used for all manner of different project types and sizes, so much so that familiarity with these documents is almost becoming required to do business in Ontario's construction industry. There are currently around 14 types of CCDC format contracts.
The CCA specifically handles documents affecting the contractor to sub-contractor relationships while the CCDC documents typically handle contractor to owner relationships. Contracts Covered: CCA 1.
