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.

US Legal Forms
Forms Kit
Construction Contractor Forms
Multi-State
Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Cost Plus With Guaranteed Maximum Price In King

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.

Category:

Construction - Contractors

State:

Multi-State

County:

King

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Cost Plus With Guaranteed Maximum Price in King is a comprehensive agreement tailored for construction projects where the cost is determined by actual expenses plus a specified fee. This contract outlines each party's responsibilities, including the scope of work, work site, permits, and insurance requirements. The contract highlights that any changes in the project scope must be recorded in writing and may affect project costs. Key features include a cost-plus payment structure, which ensures the contractor is reimbursed for actual expenses while providing a maximum cost cap for the owner. Filling instructions emphasize the need for clear specifications and timely approvals to avoid conflicts. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a standardized framework for construction agreements, ensuring legal compliance and clear communication between parties. The plain language and structured sections facilitate an understanding of the obligations, rights, and contingencies related to construction projects. Overall, it serves as a valuable resource for stakeholders in the construction industry to manage expectations and mitigate risks effectively.

Built-in online Word editor

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

Export easily

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

E-sign your document

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

Notarize online 24/7

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.

Store your document securely

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

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.

Looking for another form?

This field is required

Construction Contract Home Improvement Subcontractor Agreement Roofing Contract Safety and Health Plan

Standard Provision to Limit Changes in a P...

View this form

General Home Repair Services Contract - Sh...

View this form

Motion to Amend or Correct Judgment to Inc...

View this form

Electronic Industry Code of Conduct

View this form

Form popularity

FAQ

max, or impact testing, is a measurement of the shockattenuation of the playing surface. The test results for gmax are exhibited as a ratio of the acceleration/deceleration that happens during impact to the normal acceleration rate which comes as a result of gravity.

Intelligent Transportation System (ITS) Construction Engineering Inspection is vital to the success of modern infrastructure projects. As technology continually improves, we find ways to incorporate computer systems into roadways, keeping drivers safer and more informed.

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.

The GMP Budget is the amount the Trustees have budgeted for the construction Contract. The award of a construction contract is contingent upon receiving an actual GMP within the GMP Budget.