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The Contract Cost Plus Agreement with us in San Antonio provides a fundamental framework for construction projects, detailing the responsibilities of both the contractor and the owner. This form outlines the scope of work, specifies the work site, and includes the necessary provisions for permits, soil conditions, and insurance. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly delineates the cost structure, allowing the owner to pay the contractor the actual costs of materials plus a predetermined fee. Users can highlight the benefit of having a defined process for changes to the scope of work through written Change Orders, ensuring clarity on additional expenses. Furthermore, the form stipulates late payment penalties and warranties, providing additional protections for both parties. When filling out this contract, it is vital to include specific details regarding the project and payment terms, ensuring a clear understanding between the contractor and owner while complying with legal requirements. This form serves as a reliable tool for managing expectations and minimizing disputes in construction projects.
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).