Cost Plus Construction Contract With Example In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with example in Collin outlines the agreement between a contractor and an owner for construction services. This contract specifies the scope of work, which includes the provision of labor and materials based on selected plans and specifications. Importantly, it identifies the project site and mandates that the contractor secure necessary permits at the project's expense. One key feature is the 'cost plus' clause, where the owner pays the contractor the actual costs of materials plus an additional fee, offering flexibility in budgeting. The contract also addresses change orders, late payments, and contractor warranties, ensuring clarity in the execution of work and protecting both parties' interests. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is crucial for understanding contract obligations and risks involved in construction projects, facilitating informed decision-making and compliance with local regulations. It also provides guidelines for modifications, payments, and warranties, making it a valuable tool for all stakeholders in the construction process.
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FAQ
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.
