Cost Plus Construction Contract Example In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract example in Tarrant is designed for use between a Contractor and an Owner for construction projects. This form outlines critical aspects such as the scope of work, work site identification, permit requirements, and insurance obligations. It details the Contractor's responsibility regarding soil conditions and the procedure for making changes to the project through written Change Orders. A key feature is its payment structure, allowing the Owner to compensate the Contractor based on actual incurred costs plus a specified fee, which offers flexibility in budgeting. It's essential for the parties to clearly define the contractor's fee arrangement and understand the late payment implications. This form serves a wide audience, including attorneys who draft or review contracts, partners who oversee project budgets, owners seeking clarity in construction costs, associates and paralegals assisting in contract management, and legal assistants who support document preparation. By utilizing this form, users can ensure all pertinent details are included to protect their interests throughout the construction process.
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FAQ
Examples of Contract Costing A bridge is needed over a river at a particular site, and a client gives a contractor this assignment. A contractor opens separate accounts for each contract and numbers them separately to identify any profit or loss made at each contract.
