Construction Cost Plus With Example In San Antonio
Category:
State:
Multi-State
City:
San Antonio
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract outlines the terms for a construction project between a Contractor and an Owner. It details the scope of work, work site, permit requirements, and insurance obligations. A key feature is the 'Cost Plus' payment option, which allows the Owner to pay the Contractor for actual material costs plus a pre-agreed fee. For example, in San Antonio, if the Contractor incurs $50,000 in material costs and the agreed fee is $10,000, the total payment would be $60,000. The contract also covers changes in scope, late payment penalties, and warranty details. For the target audience, including attorneys, partners, and legal assistants, this form serves as a vital tool for setting clear expectations, protecting legal rights, and maintaining compliance with local regulations. It facilitates effective project management by providing a structured approach to modifications and cost assessments, ensuring all parties are informed and protected throughout the construction process.
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Construction Contractors: 10 Ways to Increase Your Company's Valuation Before Selling Avoid customer concentration. Collect Retainage and manage Accounts Receivable. Maintain a solid management team. Demonstrate your project history. Maintain a list of contracts. Maintain a list of bids. Save project estimate data.
