Types Of Construction Contracts Cost Plus In Texas
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The Construction Contract in Texas allows for various types of construction contracts, including cost plus arrangements. Cost plus contracts stipulate that owners pay the actual cost of materials, plus a fixed fee for the contractor's services. This contract outlines essential features like the scope of work, site conditions, permits, and changes to the project scope. Key filling and editing instructions include ensuring all parties agree on the terms and obtaining necessary permits before work begins. It is crucial that any changes to the project scope are documented through written Change Orders, clearly stating any cost adjustments. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a comprehensive framework to avoid potential disputes and ensures all parties understand their responsibilities. The form emphasizes clarity, making it accessible even to users with limited legal experience.
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Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •
