Construction Cost Plus With Showtime In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Plus With Showtime in Travis document serves as a binding agreement between a contractor and an owner for the construction of a project. It outlines the scope of work, including the provision of labor and materials for the construction of a residence as per the owner's specifications. The contract emphasizes the importance of obtaining necessary permits and addresses the soil conditions at the work site. Notably, it incorporates a cost-plus payment structure where the owner agrees to pay the actual costs of materials plus a fee for the contractor's services. Additionally, it includes provisions for changes to the scope of work, late payment penalties, and a warranty limited to defects in workmanship for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides clear instructions for filling out the contract and delineates responsibilities and liabilities. Proper editing and completion of this document can help prevent disputes and ensure clarity between the involved parties.
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FAQ
A Fixed Bid project is billed using a flat amount, regardless of the number of hours worked. This flat amount can be applied to the project as a whole, or to each week or month of the project.
Definition. A contract where the contractor recovers actual costs incurred for completed work.
