Construction Contract Cost Plus With Guaranteed Maximum Price In Salt Lake

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

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Salt Lake is designed for contractors and owners to formalize a construction project under a cost-plus agreement with a set limit on the expenditure. This form provides a clear delineation of the scope of work, specifying the responsibilities of both the contractor and the owner. Key features include an explicit outline of the work site, insurance requirements, and procedures for obtaining necessary permits. Users can adjust the contract to reflect changes in the scope of work through written change orders, which can lead to shifts in budgeting. The contractor's fee can be structured as a cost-plus agreement or a fixed fee, providing flexibility in financing the project. The form also stipulates terms concerning late payments and warranties on workmanship. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it ensures legal adherence to project specifications and cost control while providing a framework for managing project alterations and responsibilities. By utilizing this form, users can effectively safeguard their interests and streamline communication between parties involved.