Time Material Materials With Large Fluid Distortion

• Category: Construction - Contractors - Remodeling
• State: Multi-State
• Control #: US-01289BG
• Format: Word; Rich Text

Description

The Time and Material Building and Construction Contract provides a structured agreement between an owner and a contractor where the owner supplies materials. This contract specifies the terms of payment, including hourly rates for labor and conditions for progress payments. It highlights the responsibilities of both parties regarding work descriptions, timelines, and compliance with local laws. Key features include provisions for final payments, handling claims and liens, and managing work changes through written change orders. The contract ensures that completion timelines can be adjusted in response to unforeseen delays. It also establishes clear protocols for terminations and liabilities, ensuring both parties are protected throughout the project's duration. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to formalize construction agreements while mitigating risks associated with delays and cost overruns.