Types Of Construction Contracts Cost Plus In Collin

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

Description

The Construction Contract outlines the agreement between a Contractor and an Owner for a project under the cost plus contract type, allowing the Owner to pay for the actual costs incurred by the Contractor plus a fee. Key features include a detailed scope of work to be performed, a designated work site, and the requirement for the Contractor to obtain necessary permits. The contract also clarifies the Contractor's obligations regarding soil conditions and includes provisions for insurance and warranty limitations. Change orders for modifications to the project are permitted but must be documented in writing, with additional costs covered by the Owner. This form serves as an essential tool for attorneys, partners, owners, associates, paralegals, and legal assistants, providing clear guidelines on financial responsibilities and project management in construction contracts. It is particularly useful in Collin for defining terms of engagement and reducing potential disputes by establishing clear expectations and protocols.