Texas Terms and Conditions of General Construction Contract

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-0458BG
• Format: Word; Rich Text

Description

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. Texas Terms and Conditions of General Construction Contract ----------------------------------------------------------- In the state of Texas, a General Construction Contract is a legally binding agreement between a property owner or developer (referred to as the "owner") and a construction company or contractor (referred to as the "contractor"). These contracts outline the terms and conditions under which construction services will be provided and ensure a smooth working relationship to complete a construction project successfully. It is important to familiarize yourself with the specific terms and conditions before entering into any contractual agreement. There are different types of Texas Terms and Conditions of General Construction Contracts, including: 1. Lump-Sum Contract: This type of contract stipulates a fixed price for the entire construction project. The contractor is responsible for completing the project within the agreed budget, regardless of any unforeseen cost increases. 2. Cost-Plus-Fee Contract: In this contract, the owner agrees to reimburse the contractor for all project-related costs, including labor, materials, and subcontractor fees. Additionally, the contractor typically charges a fee or percentage to cover their overhead expenses and profit. 3. Unit Price Contract: This contract is based on predetermined unit prices for different elements of the construction project. The total payment is calculated by multiplying the unit prices by the quantities executed by the contractor. 4. Guaranteed Maximum Price (GMP) Contract: This type of contract sets a maximum price for the construction project. The contractor agrees to complete the project within this budget and is responsible for any cost overruns. If the project is completed under the GMP, any savings may be shared between the owner and contractor based on predetermined terms. The Terms and Conditions of General Construction Contracts in Texas typically cover various aspects, such as: 1. Scope of Work: Clearly defining the work to be performed, including architectural plans, specifications, and drawings. 2. Project Schedule: Outlining the start and completion dates, along with any milestone deadlines. 3. Payment Terms: Detailing the payment schedule, including the initial deposit, progress payments, and final payment upon project completion. 4. Change Orders: Addressing the process for requesting and approving any alterations or modifications to the original scope of work. 5. Insurance and Indemnification: Specifying insurance requirements for the contractor, subcontractors, and any potential liability. 6. Termination Clause: Outlining the circumstances under which either party can terminate the contract, including breach of contract, non-performance, or default. 7. Dispute Resolution: Defining the procedures for resolving any disputes, whether through mediation, arbitration, or litigation. 8. Warranties: Addressing the warranties provided by the contractor for the completed work, materials used, and any maintenance or repairs covered. 9. Safety and Compliance: Ensuring compliance with all local, state, and federal regulations, including building codes, permits, and safety standards. It is important to note that the specific content of Texas Terms and Conditions of General Construction Contracts may vary depending on the type of contract and the unique requirements of the construction project. Therefore, it is advisable to seek legal counsel and review the contract thoroughly before signing.

Texas Terms and Conditions of General Construction Contract ----------------------------------------------------------- In the state of Texas, a General Construction Contract is a legally binding agreement between a property owner or developer (referred to as the "owner") and a construction company or contractor (referred to as the "contractor"). These contracts outline the terms and conditions under which construction services will be provided and ensure a smooth working relationship to complete a construction project successfully. It is important to familiarize yourself with the specific terms and conditions before entering into any contractual agreement. There are different types of Texas Terms and Conditions of General Construction Contracts, including: 1. Lump-Sum Contract: This type of contract stipulates a fixed price for the entire construction project. The contractor is responsible for completing the project within the agreed budget, regardless of any unforeseen cost increases. 2. Cost-Plus-Fee Contract: In this contract, the owner agrees to reimburse the contractor for all project-related costs, including labor, materials, and subcontractor fees. Additionally, the contractor typically charges a fee or percentage to cover their overhead expenses and profit. 3. Unit Price Contract: This contract is based on predetermined unit prices for different elements of the construction project. The total payment is calculated by multiplying the unit prices by the quantities executed by the contractor. 4. Guaranteed Maximum Price (GMP) Contract: This type of contract sets a maximum price for the construction project. The contractor agrees to complete the project within this budget and is responsible for any cost overruns. If the project is completed under the GMP, any savings may be shared between the owner and contractor based on predetermined terms. The Terms and Conditions of General Construction Contracts in Texas typically cover various aspects, such as: 1. Scope of Work: Clearly defining the work to be performed, including architectural plans, specifications, and drawings. 2. Project Schedule: Outlining the start and completion dates, along with any milestone deadlines. 3. Payment Terms: Detailing the payment schedule, including the initial deposit, progress payments, and final payment upon project completion. 4. Change Orders: Addressing the process for requesting and approving any alterations or modifications to the original scope of work. 5. Insurance and Indemnification: Specifying insurance requirements for the contractor, subcontractors, and any potential liability. 6. Termination Clause: Outlining the circumstances under which either party can terminate the contract, including breach of contract, non-performance, or default. 7. Dispute Resolution: Defining the procedures for resolving any disputes, whether through mediation, arbitration, or litigation. 8. Warranties: Addressing the warranties provided by the contractor for the completed work, materials used, and any maintenance or repairs covered. 9. Safety and Compliance: Ensuring compliance with all local, state, and federal regulations, including building codes, permits, and safety standards. It is important to note that the specific content of Texas Terms and Conditions of General Construction Contracts may vary depending on the type of contract and the unique requirements of the construction project. Therefore, it is advisable to seek legal counsel and review the contract thoroughly before signing.