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This document is a construction contract agreement between the City of Leander, Texas (Owner) and Texas Materials Group, Inc. (Contractor) for the City of Leander Street Rehabilitation 2019 project. It outlines the scope of work, project details, timelines for completion, payment procedures, and responsibilities of both parties. The Contractor is required to complete various road improvements within specified timeframes and may incur liquidated damages for delays. The agreement also includes representations by the Contractor regarding their understanding of the project and compliance with laws.

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What are the 4 types of construction contracts?

The Short Form Agreement (SFA) is a two-page document acceptable for use on small to medium projects as risk and responsibility are reasonably shared between the parties.

What are the disadvantages of ?

Disadvantages of contracts Retainage is usually around 5% to 10% of the contract price. For subcontractors this can be a disadvantage, as it can negatively impact their cash flow. Second, subcontractor agreements take on the terms of the general contractors contract with the owner.

What is an owner-contractor agreement?

This contract sets the rights, responsibilities, and relationships of the owner, contractor, and architect on a sustainable project.

What is the short form for construction?

There are several types of construction contracts, but the most common include four primary types: Stipulated Sum Contract, Cost Plus Contract, Design-Build Contract, and Integrated Project Delivery Contract.

What is the standard document for the agreement between the owner and the architect?

Document B1012017 is a one-part standard form of agreement between owner and architect for building design and construction contract administration. Services are divided into basic, supplemental and additional services.

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What is a short form contract?

A short form agreement is legal document that is used to procure small renovation or construction services from a contractor or construction company. The contract states who the parties are, what work is to be completed, and by what date the project should be done.