Cost Plus Construction Contract With Example In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with example in Tarrant outlines the agreement between a contractor and an owner for the construction of a project. This form specifies the scope of work, work site, and the responsibility for permits and insurance. The unique feature of the cost plus arrangement is that the owner pays the contractor for the actual costs incurred plus an additional fee for labor and service, which encourages transparency in expenses. The instruction emphasizes that any changes to the project must be documented through written 'Change Orders.' It's also important for both parties to understand the late payment fee structure and warranties available for the work completed. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing construction contracts, promotes clarity in financial obligations, and outlines critical responsibilities related to various parties involved. The form can be edited to suit specific project needs, ensuring compliance with Tarrant regulations and ensuring that users can modify sections based on individual project requirements.
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