Cost Plus Contract For Construction In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract for Construction in Travis is a legally binding agreement between a contractor and an owner for the construction of a project. It outlines the scope of work, work site details, responsibilities for permits, and soil conditions. The contractor is responsible for obtaining the necessary permits and must maintain insurance coverage. Changes to the scope of work can be made through written change orders, with the owner agreeing to cover any additional costs. The contract specifies the contractor's fee as the actual cost of materials plus a fixed sum for services, or a fixed fee. Late payment penalties are outlined, along with warranty limitations for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction projects, ensuring clarity in roles and responsibilities, financial obligations, and legal protections related to construction projects.
Free preview
Form popularity
FAQ
So, if you ever come across someone referring to a 'JCT contract', it is typically about a standard building contract. These contracts are usually between an 'employer' and a 'contractor' to facilitate a building works project. They set out all of the relevant terms and conditions, including: Obligations of the parties.
How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.
