Collin Texas Contract Between Landowner and Contractor to Swath Hay

State:
Multi-State
County:
Collin
Control #:
US-01188BG
Format:
Word; 
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Description

A swather is a farm implement that cuts hay or small grain crops and forms them into a windrow. A windrow is a row of cut hay or small grain crop. It is allowed to dry before being baled, combined, or rolled. For hay, the windrow is often formed by a hay rake, which rakes hay that has been cut by a mower into a row.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Statutory period For contracts signed on or after 1 February 2012 the statutory warranty period for major defects is six years, and two years for all other defects.

What Is a Lump Sum Contract? Under a lump sum contract, also known as a stipulated sum contract, the project owner provides explicit specifications for the work, and the contractor provides a fixed price for the project.

Lump sum contracts offer comparatively easier assessment of soil conditions, bidding prices and pre- construction analysis which makes selection process less tedious. Accounting related to lump sum contracts are low-intensive that diminishes overhead expenses of the contractor and allow for stable cash flow.

A cost plus contract is a contract where a contractor obtains material and services throughout the stages of the building process and costs are passed to the owners, with an agreed margin to cover overheads and profits.

Disadvantages include: It can give greater risk to the contractor than some other contract forms, as there are fewer mechanisms available for them to vary their price. As a result of the additional risks faced by the contractor, they may increase their tender price.

Under a lump sum contract, also known as a stipulated sum contract, the project owner provides explicit specifications for the work, and the contractor provides a fixed price for the project.

Cost Plus Contract Advantages Higher quality since the contractor has incentive to use the best labor and materials. Less chance of having the project overbid. Often less expensive than a fixed-price contract since contractors don't need to charge a higher price to cover the risk of a higher materials cost than

For bigger jobs, where a large component of the cost is in the materials, the builder or tradesperson may ask for a deposit. Under NSW home building law, the maximum deposit you can be asked to pay is 10 percent.

The main difference between cost plus and fixed price is the budget. Cost plus contract have no set spending limits. The builder will purchase the materials and the labour, and will be reimbursed, plus a fee. Fixed Price sets a specific dollar amount for the project.

A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance.

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Collin Texas Contract Between Landowner and Contractor to Swath Hay