Cost Plus Construction Contract Example In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract example in Houston outlines the agreement between a contractor and an owner for a construction project. Key features include the scope of work, work site specifications, and the requirement for permits. The contractor is responsible for obtaining necessary permits and is not accountable for soil conditions at the work site. The contract allows for changes to the scope of work, which must be documented through written change orders. Importantly, the payment structure can be cost plus or fixed fee, detailing how the contractor will be compensated. Additionally, it addresses late payment penalties and warranties on workmanship. This form is particularly useful for attorneys, partners, and owners involved in construction projects, as it ensures clarity and protection of their interests. Paralegals and legal assistants will find it beneficial for understanding key contract components, while associates can use it as a tool for contract negotiations.
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FAQ
How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
