Cost Plus Contract In Construction In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Construction in Collin is designed for a seamless agreement between the contractor and owner. This contract allows the owner to pay for the actual costs of materials along with a predetermined fee for the contractor's services. Key features include defining the scope of work, outlining responsibilities for permits, and clarifying soil conditions liability. Owners can make changes to the project via written change orders, which directly affect costs. The document emphasizes the need for insurance, including general liability and workers' compensation coverage, to protect both parties. A boundary survey and title opinion are necessary before construction starts. Additionally, a late payment penalty is stipulated for overdue payments. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it ensures clarity in obligations and financial terms, minimizing disputes and enhancing legal compliance.
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FAQ
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.
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.
