What is the maximum contract value?

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

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Construction Contractor Forms
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Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Cost Plus With Guaranteed Maximum Price In Bronx

Q: What is the maximum contract value?

Maximum Contract Value means the amount specified in the &quot;Limitation of Expenditure&quot; clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

Q: What is the maximum allowable construction area?

Maximum Allowable Construction Area (MACA) the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) portion of the lot that shall remain unpaved and reserved for softscaping/planting.

Category:

Construction - Contractors

State:

Multi-State

County:

Bronx

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Bronx is a legal document outlining the agreement between a contractor and an owner for a construction project. This contract specifies the scope of work, including labor and materials required for construction, as well as the work site location. Key features include provisions for permits, insurance requirements, and handling changes to the scope of work through written change orders. The contractor's compensation structure is based on the actual cost of materials plus a guaranteed maximum price, ensuring the owner understands potential costs. The contract also addresses late payment consequences and limitations on warranties for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to navigate and enforce construction agreements. It provides clear guidance on responsibilities, ensuring compliance with local regulations and reducing disputes related to project costs and timelines.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.

Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.