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 Montgomery

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:

Montgomery

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Montgomery is a legal document outlining the agreement between a contractor and an owner for constructing a residential project. This form includes key features such as a defined scope of work, site location, and responsibilities regarding permits and soil conditions. A notable aspect of this contract is its cost-plus structure, where the owner agrees to pay the actual costs incurred by the contractor plus an additional fee, ensuring cost transparency. The contract requires written change orders for any modifications to the project scope, thus protecting both parties' interests. It also emphasizes insurance responsibilities and the need for a boundary survey and title opinion before construction starts. Utility of this form extends to various legal professionals including attorneys, partners, and paralegals who may assist in drafting or reviewing the contract. Owners and associates benefit by clearly understanding their financial obligations and rights. With clear filing and editing instructions, this form serves as a critical tool for ensuring compliance with local regulations while providing a structured approach to project management.

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

Management Agreement

View this form

Self-Employed Independent Contractor Consi...

View this form

Landlord's Consent to Assignment

View this form

Self-Employed Independent Contractor Payme...

View this form

Assignment of Customer Contracts

View this form

Suppliers Demand for Instructions

View this form

Nominee Agreement

View this form

Underwriting Agreement

View this form

Master Software License Agreement

View this form

Form popularity

FAQ

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.

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.