Construction Cost Contract Plus Withdrawal In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus Withdrawal in Houston is a legal document that formalizes the agreement between a Contractor and an Owner for the construction of a project. It outlines the scope of work, including labor and materials, along with the specifics of the construction site. The contract stipulates the responsibilities regarding permits, soil conditions, and the need for insurance coverage. Notably, it allows the Owner to modify the scope of work through a written Change Order, provided any additional costs are acknowledged. Regarding compensation, the contract supports two payment structures: cost plus and fixed fee. It also addresses late payments and the warranty for workmanship. This contract is particularly useful for attorneys, partners, and owners involved in construction, as it provides a clear outline of duties and liabilities, ensuring legal protection and clarity on financial arrangements. Paralegals and legal assistants can utilize this form to facilitate contract creation and ensure compliance with local regulations.
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FAQ
A homeowner may also have a right to cancel a contract after three days in limited, extraordinary, situations. The homeowner's cancellation rights are created by both state and federal laws.
