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The Contract Cost Plus Agreement with Us in Tarrant is a detailed construction contract that establishes the terms and conditions between a contractor and an owner concerning the construction of a project. It outlines the scope of work, project site, and responsibilities related to permits, soil conditions, and insurance requirements. The contract allows for changes in the scope of work through written change orders, ensuring transparency regarding additional costs. Key features include the contractor's compensation structure, whether on a cost-plus basis or a fixed fee, as well as terms for late payments and warranty provisions. This form serves as a crucial utility for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear structure for managing construction projects and protecting the interests of all parties involved. It simplifies the process of compliance with local regulations and proper documentation requirements, making it easier for legal professionals to facilitate agreements and handle disputes effectively.
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.