Cost Plus Contract Types In Harris

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

Description

The Cost Plus Contract types in Harris serve as agreements between contractors and owners, ensuring that the owner pays the contractor for the actual costs incurred plus a predetermined fee for services. This contract, typically used in construction projects, identifies essential components such as scope of work, work site details, and the necessity for permits. It requires the contractor to provide a boundary survey and title opinion before beginning work. Owners have the flexibility to make changes to the project's scope through written change orders, which may impact the cost. One of the key features is the detailed outline of fee structures, including both cost plus and fixed fee arrangements, to accommodate various client preferences. Late payment terms are clearly defined to protect the contractor, while warranty clauses limit liability and provide clarity regarding material defects. This contract is particularly beneficial for attorneys, partners, and legal assistants involved in real estate development, as it outlines the responsibilities and liabilities of all parties clearly, promoting transparency and minimizing disputes. Additionally, paralegals and associates can utilize this form to ensure compliance with local regulations and assist in project management by understanding the financial frameworks established.