Cost Plus Contract In Construction In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in construction in Houston provides a framework for the Contractor to charge the Owner for the actual cost of materials plus a fee for services. This contract emphasizes the need for clear specifications, outlining obligations regarding permits, soil conditions, and insurance. Notable features include a structured approach to handling changes in the scope of work, which requires written change orders and allows for adjustments in project costs. The contract also includes provisions for late payment charges and a limited warranty on workmanship for one year. For attorneys, this form aids in drafting enforceable agreements, while partners and owners can ensure project clarity and accountability. Associates, paralegals, and legal assistants find it useful for case preparation and understanding construction finance mechanisms. Overall, it serves as an essential document for navigating the complexities of construction contracts in Houston.
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