Contract Cost Plus Agreement For Construction In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement for Construction in Collin is a legal document that establishes the terms between a contractor and an owner for the construction of a residential project. This contract specifies the scope of work, the responsibilities of both parties, and outlines financial arrangements such as payment structures based on the actual costs incurred by the contractor, plus an additional fee. Key features include provisions for permits, soil conditions, insurance requirements, and the necessity for a boundary survey. Owners can modify the scope of work through written change orders, with associated costs borne by them. The agreement also stipulates penalties for late payments and includes a limited warranty from the contractor regarding workmanship. This form is particularly useful for attorneys, partners, and owners who need a clear understanding of their obligations and rights in construction projects. Paralegals and legal assistants can benefit by utilizing this form to aid clients in navigating contractual agreements, ensuring compliance with local regulations, and managing any necessary modifications in a straightforward manner.
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