Construction Cost Plus Withdrawal In Tarrant

• Category: Construction - Contractors
• State: Multi-State
• County: Tarrant
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract form defines the agreement between the Contractor and the Owner for a construction project, specified by its scope, location, and cost structure, including the option for a cost plus fee arrangement. It outlines important elements such as the scope of work, responsibility for permits, insurance coverage, and provisions for changes to the scope of work. The Contractor is responsible for completing the project on the prescribed work site and obtaining necessary permits, while the Owner must provide a boundary survey and title opinion prior to construction. The form includes stipulations about late payments, default, and warranties on workmanship and materials. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it aids in clearly defining obligations and expectations for both parties involved in a construction project. Additionally, it can serve as a guide for addressing changes or unforeseen site conditions while providing clarity on payment structures for both fixed fee and cost plus agreements.