Sample Of Cost Plus Contract For Construction In Travis

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

Description

The Sample of cost plus contract for construction in Travis outlines the agreement between a contractor and an owner for the construction of a residence. This form includes several key sections such as the definition of the scope of work, work site, permits, soil conditions, insurance requirements, and provisions for changes to the scope of work. Notably, under the contractor's fee section, it allows for a cost plus payment structure, which is beneficial when actual costs might exceed initial estimates. Users are instructed to complete sections by filling in specific information about the project details, including the payment terms and any changes made through written 'Change Orders.' This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides a comprehensive legal framework that protects both parties' interests and outlines their responsibilities. The form also emphasizes the contractor's limited warranty on workmanship and the owner's obligations regarding late payments, making it a useful tool for managing legal risks in construction agreements.