Cost Plus Contract In Building In Texas
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Description
The Construction Contract provides a framework for a cost plus contract in building in Texas, whereby the owner agrees to pay the contractor for actual material costs plus an additional fee for services rendered. Key features include clearly defined scope of work, the work site, and responsibilities related to permits, soil conditions, and insurance. The contract allows for changes to the scope of work through written change orders, ensuring that any additional costs are pre-approved by the owner. The payment structure is outlined with options for cost plus or fixed fee arrangements, and provisions are included for late payments and warranties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it establishes clear terms to minimize disputes and ensure compliance with Texas construction laws. By using this contract, parties can better understand their obligations and rights, facilitating smoother project execution.
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