Contract Cost Plus Agreement With Gmp In Arizona

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

Description

The Contract Cost Plus Agreement with GMP in Arizona is designed to outline the terms under which a contractor will provide construction services to an owner. This form specifies the scope of work, work site, necessary permits, soil conditions, insurance requirements, and changes to the scope of work. A key feature is the inclusion of a cost plus contractor fee structure, allowing the owner to pay for the actual costs incurred by the contractor plus a set fee. This approach provides flexibility in budget management and can be beneficial for large projects where costs may vary. For ease of use, the form includes sections for detailed descriptions and payment terms. The filling and editing instructions emphasize the necessity for clear communication between parties and proper documentation of any changes through written change orders. This form is particularly useful for attorneys, partners, and owners involved in construction projects, as it establishes clear expectations and helps mitigate disputes. Paralegals and legal assistants may find it beneficial for understanding terms relevant to construction contracts and to assist in contract management.