Home Fee Cost Plus Contract With Contractor In Collin

• Category: Construction - Contractors
• State: Multi-State
• County: Collin
• Control #: US-00462
• Format: Word; Rich Text

Description

The Home fee cost plus contract with contractor in Collin is a comprehensive agreement that facilitates the construction of a residential project between an Owner and a Contractor. This contract outlines the specific scope of work, detailing the materials and labor to be provided by the Contractor. It establishes the work site location and stipulates the Contractor's responsibility in obtaining necessary permits at the Owner's expense. The contract also addresses soil conditions and associated costs, along with insurance requirements to protect both parties. A key feature includes provisions for changes in the scope of work, which necessitate written change orders and may adjust project costs accordingly. Notably, the payment structure can be based on a cost-plus arrangement, where the Owner pays for the actual costs of materials plus a fee, providing transparency in expenses. Additionally, late payment penalties and warranty limitations are clearly defined. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a legally binding framework for construction projects, protecting the interests of both the Owner and Contractor while ensuring compliance with local regulations.