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The Cost Plus Construction Contract with GMP in Alameda outlines the agreement between a contractor and an owner for construction services. It specifies that the owner will pay the actual costs of materials plus a predetermined fee for the contractor's services. Key features include detailed scope of work, site responsibilities, and insurance obligations. The contract emphasizes the necessity for written change orders for any alterations to the project, ensuring clear communication regarding cost adjustments. Filling and editing instructions focus on accurately detailing project specifications and payment terms. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this contract serves as a critical tool for establishing clear expectations and legal protections in construction projects. By understanding this form, users can effectively manage risks, ensure compliance with local regulations, and facilitate smooth transactions throughout the construction process.
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.
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