Construction Contract Cost Plus With Guaranteed Maximum Price In Alameda
Category:
State:
Multi-State
County:
Alameda
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Alameda is a legal document designed to facilitate the construction of a project where the payment structure is based on actual costs incurred by the contractor, plus a specified fee. This contract outlines the scope of work, work site details, and necessary permits, ensuring all regulatory approvals are in place. Key features include provisions for changes to the scope of work through written change orders, liability for soil conditions, and the contractor's obligation to maintain proper insurance coverage. Additionally, it details payment terms and consequences for late payments. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it provides a clear framework for negotiation and collaboration between the contractor and owner. Users can fill in specific details such as costs, project descriptions, and payment schedules, while also being mindful of necessary legal requirements. The document's structure helps users easily navigate through sections, ensuring clarity and understanding.
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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.
