Cost Plus Contract With Example In Tarrant

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

Description

The document is a Construction Contract that outlines the terms of a Cost Plus Contract with an example specific to Tarrant. Under this contract, the Owner agrees to pay the Contractor for actual costs of materials plus an additional fee for services rendered. Key features include a detailed scope of work, responsibilities regarding permits, soil conditions, and insurance requirements. It also establishes procedures for changes to the scope of work through written Change Orders, which may affect project costs. Filling instructions advise that the Contractor's fee and payment terms must be specified clearly. Notably, the form includes clauses for late payments and warranty limitations on workmanship. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need clear documentation for construction projects, ensuring all parties understand their rights and obligations. The Cost Plus Contract is advantageous for projects where costs can fluctuate, allowing for flexibility while still protecting the interests of both parties.