Cost Plus Contract For Construction In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract for construction in Houston is designed to facilitate an arrangement where the Owner pays for the actual costs of materials plus a specified fee for the Contractor's services. Key features include a Scope of Work detailing the responsibilities of the Contractor, provisions for obtaining necessary permits, and stipulations regarding soil conditions and insurance requirements. Users are instructed to define the Work Site and to provide a boundary survey and title opinion before construction begins. The form allows for changes to the project through written Change Orders, ensuring that any cost increases are documented and agreed upon. It includes provisions for late payments, outlining penalties for overdue payments. For attorneys, partners, and owners, this form provides a clear structure for outlining the agreement, while paralegals and legal assistants will find it useful for ensuring compliance and completeness in documentation. It is essential for construction projects where costs may vary, providing flexibility and legal safeguards for both parties.
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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.
