Cost Plus Fee Construction Contract In Texas

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

Description

The Cost Plus Fee Construction Contract in Texas is a formal agreement between a contractor and an owner to define the terms of a construction project. This contract outlines the scope of work, which includes all labor and materials necessary to complete the project as specified by the owner. It allows for modifications to the contract through written change orders and specifies that the owner is responsible for additional costs incurred as a result of these changes. The contractor is compensated based on the actual costs of materials plus a predetermined fee. This document includes clauses on permits, insurance requirements, and warranties limited to a year after completion. It's designed to protect both parties by clearly stating their responsibilities, such as the owner's obligation to ensure soil conditions are suitable for construction. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is an essential tool for structuring agreements and ensuring compliance with Texas construction law while minimizing disputes.