The Contract Cost Plus Form with Two Points in Travis is a legal document outlining the terms and conditions between a contractor and an owner for construction projects. It specifies the scope of work, including the provision of labor and materials, and highlights the project location. Key features include the contractor's responsibility for obtaining permits, the owner's obligations regarding soil conditions, and insurance requirements. Changes to the scope of work can be made through written change orders, with the owner responsible for additional costs. The form also includes provisions for payment, detailing both cost plus and fixed fee payment options. Furthermore, it addresses late payment penalties and warranty limitations for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it provides clear guidelines for contractual obligations and responsibilities.
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 •
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