Construction Cost Contract Plus With Gmp In Alameda
Category:
State:
Multi-State
County:
Alameda
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus With GMP in Alameda is a legal document that establishes the terms between a contractor and an owner for a construction project. Key features include a detailed scope of work, work site specifications, and the allocation of responsibilities regarding permits and soil conditions. The form outlines that the contractor must maintain insurance coverage and requires the owner to provide essential documents like a boundary survey and title opinion. Changes to the project's scope can be made via written change orders, acknowledging that additional costs may occur. The contract allows for either a cost-plus or fixed fee arrangement for compensation, ensuring clarity in payment terms. The agreement also establishes conditions for late payments and provides a warranty for workmanship defects lasting up to one year. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it clarifies roles, responsibilities, and financial obligations, serving as a necessary legal safeguard in the construction process.
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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.
