The Texas Association of Builders (TAB) is a professional organization dedicated to promoting and supporting the residential construction industry in Texas. Among its many resources, TAB provides a standardized Residential Construction Contract Cost Plus for use by builders and homeowners.

The Cost Plus contract is designed to provide transparency and accountability in the construction process. In this type of agreement, the builder agrees to complete the project for the actual cost of materials and labor plus a fixed percentage for profit and overhead. This allows the homeowner to see exactly where their money is going and ensures that the builder is not charging excessive fees.

TAB`s Residential Construction Contract Cost Plus is customizable to fit the needs of individual projects and includes provisions for change orders, insurance, warranties, and payment schedules. It also includes a detailed breakdown of costs, so the homeowner can see exactly how their money is being spent.

Using the TAB contract can provide added protection for both the builder and homeowner. It ensures that everyone is on the same page and can minimize disputes and misunderstandings during the construction process. It also provides a clear framework for resolving any disputes that do arise.

In addition to the contract template, TAB offers a range of resources and support for builders and homeowners throughout the construction process. This includes access to legal and technical experts, educational programs, networking opportunities, and advocacy on behalf of the industry.

For homeowners, working with a TAB member builder and using the Residential Construction Contract Cost Plus can provide added peace of mind and confidence in their construction project. It ensures that they are working with a qualified and reputable professional who is committed to transparency and fair pricing.

Overall, the Texas Association of Builders Residential Construction Contract Cost Plus is a valuable resource for builders and homeowners alike. It provides a clear and customizable framework for residential construction projects and can help minimize disputes and misunderstandings along the way.