Cost Plus Construction Contract With Gmp In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with GMP in Allegheny is designed for use between a contractor and an owner for a construction project. This contract outlines the scope of work, including plans and specifications, and establishes the work site details. The contractor is responsible for obtaining necessary permits, while the owner must provide a soil condition assessment before work begins. Key features include provisions for insurance, the ability for the owner to request changes to the scope of work through change orders, and clear terms regarding payment—whether on a cost-plus or fixed fee basis. Additionally, the contract outlines late payment penalties and warranty conditions for the work performed. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a comprehensive framework to manage construction agreements while ensuring compliance with legal standards and protecting the interests of both parties.
Free preview
Form popularity
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.
