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JUNE 2013 PARADE OF HOMES BUILDER CONTRACT Revised September 2012 Association: Tyler Area Builders Association 1504 West Grande Blvd. Tyler, Texas 75703 9035613964 Builders Name & Address: Builders

How to fill out builder contract

Question:

Write point by point how to fill out a builder contract. Who needs a builder contract?

How to Fill out a Builder Contract:

Gather Necessary Information:

1. Identify the parties involved: The builder and the client.
2. Include contact information for both parties.
3. Determine the project scope, including the type of construction, timeframe, and budget.

Define Project Specifications:

1. Clearly outline the project's objectives, requirements, and expectations.
2. Specify the materials, design plans, and any relevant technical specifications.
3. Include any special considerations or modifications agreed upon.

Specify Contract Terms and Conditions:

1. Define the payment schedule, including the total cost, deposit, and milestones.
2. Determine the start and completion dates, along with any penalties for delays.
3. Agree on insurance and liability responsibilities for both parties.
4. Establish dispute resolution methods, such as mediation or arbitration.

Address Change Orders and Extras:

1. Include provisions for change orders if the client wishes to modify the original plans.
2. Define the process for approving and documenting changes in writing.
3. Specify how additional costs or time extensions may apply to change orders.

Include Warranty and Liability Provisions:

1. Clearly state any warranties provided by the builder for the completed work.
2. Determine the duration of the warranty and what it covers.
3. Address the builder's liability for any defects or damages that may occur.

Seek Legal Advice and Review:

1. It is advisable to consult with a lawyer or legal professional experienced in construction contracts.
2. Have both parties review the contract thoroughly to ensure fairness and clarity.
3. Seek clarification or amendments if necessary before finalizing the agreement.

Who Needs a Builder Contract?

Homeowners:

1. Whether you are building a new house or renovating an existing one, a builder contract is essential to protect your interests.
2. A contract ensures that the builder understands and fulfills your expectations, outlines payment terms, and sets clear project guidelines.

Builders and Contractors:

1. Builders and contractors use contracts to establish a clear understanding with clients regarding project specifications, timelines, and payment schedules.
2. A contract helps protect builders against scope creep, ensures payment for services rendered, and provides legal recourse in case of disputes.

Property Developers:

1. Property developers rely on builder contracts to specify the terms and conditions of construction projects with various contractors.
2. These contracts ensure that construction work adheres to design plans, timelines, and quality standards.

Commercial Property Owners:

1. When undertaking commercial construction projects, property owners need builder contracts to outline project goals, budget, and construction details.
2. These contracts protect commercial property owners from potential conflicts, cost overruns, and failure to deliver on promises.

In conclusion, filling out a builder contract involves gathering necessary information, defining project specifications, specifying contract terms and conditions, addressing change orders and extras, including warranty and liability provisions, seeking legal advice, and reviewing the contract with both parties involved. This contract is necessary for homeowners, builders/contractors, property developers, and commercial property owners to protect their interests and ensure a clear understanding of the construction project.

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