Cost Plus Contract Types In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract for cost plus contract types in Houston allows the Owner to engage the Contractor for project services with flexible payment structures. This form outlines key elements such as scope of work, work site location, permits, soil conditions, and insurance requirements, ensuring clarity and mutual understanding between parties. Notably, it includes provisions for changes to the scope of work through written change orders, with the Owner responsible for any additional costs incurred. The cost plus structure allows the Owner to pay for the actual costs incurred by the Contractor, plus an additional specified fee, making it suitable for projects where costs may vary. Filling out this form requires attention to detail, particularly in defining the project scope and payment terms. The document serves as a crucial tool for attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring compliance and protecting interests in construction agreements. Utilizing this contract form facilitates transparent communication on construction projects and enhances legal accountability among involved parties.
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FAQ
Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •
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).
