Construction Contract Cost Plus With Guaranteed Maximum Price In Sacramento

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

Description

The Construction Contract Cost Plus With Guaranteed Maximum Price in Sacramento is a formal agreement between a contractor and an owner outlining the construction of a project. Key features include a detailed scope of work, a designated work site, and explicit responsibilities for obtaining necessary permits. The contractor is responsible for maintaining insurance, while the owner must provide a boundary survey and title opinion before construction begins. The agreement allows for changes in the project scope via written change orders, with costs being the owner’s responsibility. The contractor's fee structure can be based on actual costs plus a fee or a fixed fee, with stipulations for late payments and warranties on workmanship. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, as it offers a clear framework for managing contractual obligations and outlines critical protections for both parties.