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General Conditions for Construction Contracts Public Housing Programs U.S. Department of Housing and Urban Development Office of Public and Indian Housing OMB Approval No. 25770157 (exp. 01/31/2014).

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What is a GMP contract? In a guaranteed maximum price contract arrangement, the contractor is compensated for materials, labor, and a contractor's fee. But the contract is subject to a guaranteed maximum price, which is the highest amount a property owner is willing to pay for the project overall.

As was mentioned above, the general conditions on a project are the costs required by the general contractor to create and maintain a safe and efficient job site. They include project supervision, temporary and permanent utilities, equipment rental, fencing, security, permits, etc.

The general conditions are an integral part of the contract for construction for a large project and they are incorporated by reference into the owner/contractor agreement. They set forth the rights, responsibilities, and relationships of the owner, contractor, and architect.

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

General conditions are services, equipment, and materials that general contractors provide to ensure that projects are completed as drawn and specified within the project's schedule. They include costs related to site management, project management, materials handling, and trash removal.

General Conditions are commonly known as: “The cost to manage the project.” General Requirements are commonly known as: “The non-management indirect cost of executing the project.”

An example of General Conditions would be if the overall project duration is 12 months, personnel costs for a superintendent, project manager and other management personnel then can be estimated.

Particular Conditions means the document which sets out the additional terms and conditions, clarifications and amendments to these GTCs and/or to any other documents included in the Contract that have been agreed by the parties in writing in respect of the Contract.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232