Contract Cost Plus Agreement With Us In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with us in Houston is designed to outline the terms between a contractor and an owner regarding construction services. This agreement specifies the scope of work, which includes all materials and labor needed for the project. The document clearly states that the contractor is responsible for obtaining necessary permits and managing insurance for the project. A key feature is the payment structure; the owner agrees to pay the actual costs incurred by the contractor, along with a specified fee for services rendered. Additionally, changes to the work scope are permissible but must be documented via written change orders, which may affect project costs. The agreement also addresses late payments, providing a penalty fee for overdue payments. This form is primarily useful for attorneys and legal professionals, as it supports joint ventures in construction law by ensuring compliance with local regulations. Partners and owners benefit from its clarity in defining project costs, while associates, paralegals, and legal assistants can utilize the form in drafting and modifying agreements, ensuring all necessary legal protections are in place.
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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).
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.
