Construction Contract Cost Plus With Gmp In King

• Category: Construction - Contractors
• State: Multi-State
• County: King
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract Cost Plus with GMP in King is designed to regulate the agreement between a contractor and an owner for construction projects. This contract specifies the scope of work, permits required, and responsibilities regarding soil conditions and insurance. A key feature is the cost-plus payment structure, allowing the owner to pay for actual costs of materials, plus an agreed-upon fee for the contractor's services. The contractor must also obtain necessary permits, while the owner is responsible for providing boundary surveys and title opinions. Changes to the project scope must be documented in writing through Change Orders, and payments are subject to late fees if not made on time. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction, ensuring that all parties understand their rights and responsibilities. The clear structure of the contract aids in preventing disputes, facilitating straightforward modifications, and ensuring compliance with local regulations.