Construction Contract Cost Plus With Guaranteed Maximum Price In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract, specifically the cost plus with guaranteed maximum price in Allegheny, outlines the agreement between the Contractor and the Owner for residential construction. The contract details the scope of work, including the necessary labor and materials, and defines the work site for the project. It specifies the responsibility of obtaining permits and addresses soil conditions at the work site, clarifying that the Contractor is not liable for soil-related issues. Insurance requirements to protect both parties are included, along with provisions for changes to the scope of work through written change orders. The contract outlines the payment structure as a cost plus model, where the Owner agrees to cover the actual costs of materials plus an agreed-upon fee. It also details implications for late payments and provides a one-year warranty limited to workmanship defects. This form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who may be involved in residential construction projects requiring precise terms on costs, responsibilities, and liabilities.
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FAQ
Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
