Contract Cost Plus Agreement With Example In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract outlines a Contract Cost Plus Agreement, which allows the Owner to pay the Contractor the actual costs of materials and labor plus an additional fee as specified in the contract. For example, in Houston, this agreement could involve a base fee for a home construction project while adding costs for any changes or unexpected site conditions. Key features of this form include defining the scope of work, specifying insurance requirements, and detailing the process for change orders. Users must fill in sections regarding project descriptions, payment terms, and conditions regarding soil and site work. Filling and editing instructions include clearly stating the project location and ensuring all changes are documented through written change orders. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides clarity in financial arrangements and establishes legal recourse in case of disputes. Overall, it serves as a comprehensive tool for managing construction projects and ensuring compliance with local regulations.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
