Contract Cost Plus Agreement With Japan In Tarrant

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

Description

The Contract Cost Plus Agreement with Japan in Tarrant is a legally binding document that outlines the terms between a Contractor and an Owner for a construction project. This contract details the scope of work, including the responsibility for labor and materials, and specifies the project location. It clarifies that the Contractor is to obtain all necessary permits, with associated costs being the responsibility of the project. The document emphasizes the soil conditions at the work site, indicating that any additional work needed due to these conditions will incur extra costs to the Owner. Furthermore, the insurance responsibilities and requirements for boundary surveys are defined to protect both parties. A distinctive feature of this contract is its provision for changes in the scope of work, requiring such changes to be documented in writing through Change Orders, with agreed-upon costs. The payment structure includes options for a Cost Plus or Fixed Fee basis, allowing flexibility in financial arrangements. Additionally, late payment penalties and warranty details for workmanship are included. This contract is particularly useful for attorneys, owners, and construction professionals, facilitating clear communication and outlining responsibilities while helping manage financial expectations during the construction process.