The Contract Cost Plus Form with Cost of Goods Sold in Collin is designed for construction contracts, outlining the agreement between a contractor and an owner regarding a construction project. It specifies the scope of work, including the required materials and labor, and identifies the work site. This form also details responsibilities concerning permits, soil conditions, insurance requirements, and any changes to the scope of work, including how these changes will impact costs. The form allows for a cost plus fee structure, where the owner agrees to pay the actual costs plus an additional agreed-upon sum for services rendered. It emphasizes the need for change orders to document any modifications to the project and defines payment terms, including late payment penalties. This document is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for assigning liability and ensuring compliance with local regulations. By using this form, legal professionals can help their clients navigate construction agreements effectively and minimize the risk of disputes.