Construction Cost Contract Plus With Example In Texas
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Description
The Construction Cost Contract Plus is a legally binding agreement between a contractor and an owner regarding the construction of a project in Texas. This contract outlines the scope of work, site conditions, permitting requirements, and insurance responsibilities. Key features include the contractor's obligation to provide a detailed description of the project, authorization to start work, and conditions surrounding changes to the contract, which must be documented via written change orders. Payment terms specify how the contractor will be compensated based on either actual costs incurred plus a fee, or a fixed fee arrangement. It also stipulates responsibilities for late payments and includes warranty clauses that limit the contractor's liability for material defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it clarifies roles, obligations, and financial arrangements within construction projects. Users can fill out relevant sections to tailor the contract to specific projects, ensuring compliance with regulations and protecting their interests.
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