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The Cost Plus Contract for construction in Dallas is a legal framework governing construction projects where the owner agrees to pay the contractor for actual project costs, plus a fixed fee. This contract outlines critical components such as the scope of work, details regarding the work site, permits, and conditions related to soil. Key features include allowances for adjustments to the project scope via Change Orders, outlining how these changes might affect costs. The inclusion of insurance, a boundary survey requirement, and payment terms, such as late payment penalties, ensures financial clarity and legal protections for both parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it facilitates organized agreement management and compliance with local regulations. Filling out the contract requires clear specifications of services and costs, and edits can be made easily by adjusting the scope of work or payment schedules as needed. Overall, the form supports effective project execution and mitigates risks related to unexpected costs and liabilities.
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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