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The Sample of cost plus contract for construction in Collin outlines a formal agreement between a contractor and owner for a construction project. Key features include a detailed scope of work, defined work site, and stipulations on obtaining necessary permits. The contract specifies that the contractor will not be held responsible for soil conditions and includes provisions for insurance coverage. Additionally, the form allows for changes in the scope of work through written change orders, reflecting any potential cost increases. Payment structures can be based on actual costs plus a fee or a fixed fee arrangement. The contract also stipulates terms for late payments, default charges, and limitations on warranty claims. It is ideal for attorneys, partners, owners, associates, paralegals, and legal assistants looking to formalize construction agreements with clear responsibilities and financial terms.
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.
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