Cost Plus Construction Contract Example In Texas
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Description
The Cost Plus Construction Contract Example in Texas is a legal document that outlines the agreement between a Contractor and an Owner for a construction project. Key features include detailed sections on the scope of work, work site, necessary permits, soil conditions, insurance requirements, and changes to the project scope. A prominent element of this contract is the payment structure, where the Owner agrees to pay the Contractor for the actual costs incurred plus a fixed fee. This contract specifically addresses the Contractor's responsibilities and liability regarding soil conditions, thereby protecting them from unforeseen issues. Filling instructions involve clearly specifying the project details, payment terms, and any changes made through written 'Change Orders.' Target users such as attorneys, partners, owners, associates, paralegals, and legal assistants will find this contract useful for establishing clear expectations and responsibilities in construction projects while ensuring legal compliance and risk management.
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