Construction Contract Cost Plus With Gmp In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with GMP in Bexar serves as a comprehensive agreement between a contractor and owner for the construction of a project based on a cost-plus-fee structure with a guaranteed maximum price (GMP). Key features include a detailed scope of work, requirements for permits, and the responsibilities regarding soil conditions and insurance. The form outlines payment terms, permitting procedures, and provisions for changes to the scope of work through written change orders. It distinctly categorizes contractor fees under cost-plus and fixed-fee structures, allowing for flexibility in payment. This contract is highly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, as it provides a clear framework for legal and financial agreements. Accurate filling and editing of the form ensure compliance with local regulations and safeguard rights and obligations of all parties involved.
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