Cost Plus Construction Contract With Example In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract is a legally binding agreement between a contractor and an owner detailing the scope of work, project location, and payment structure. This contract format specifies that the owner will pay the contractor for actual costs incurred for materials, along with a predetermined fee for services rendered. Key features include provisions for obtaining necessary permits, handling soil conditions, and requirements for insurances like general liability and worker's compensation. The contract also includes clauses allowing the owner to make changes to the work scope, requiring written 'Change Orders' that may incur additional costs. The contractor's warranty is limited to one year for workmanship defects. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction law, as it provides clarity in contractual obligations and protects against potential disputes. By clearly outlining responsibilities and payment structures, it aids in ensuring compliance and managing risks associated with construction projects.
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