Cost Plus Construction Contract With Guaranteed Maximum Price In Allegheny

• Category: Construction - Contractors
• State: Multi-State
• County: Allegheny
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Construction Contract with Guaranteed Maximum Price in Allegheny outlines the terms of construction services provided by a Contractor to an Owner. Key features include a defined scope of work, the responsibilities of both parties regarding site conditions and permits, and detailed clauses on changes to the scope of work. This contract includes payment terms, specifying that the Owner agrees to pay actual costs plus a fee, ensuring budget control with a guaranteed maximum price. It also highlights the importance of having a boundary survey and title opinion provided by the Owner before work commences. Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants will find this form useful for protecting their interests and clarifying project parameters. The inclusion of warranties and conditions about late payments adds another layer of security for both parties. To effectively utilize the form, it is essential to fill in all specifics related to the project and ensure all changes are documented through Change Orders.