Construction Contract Cost Plus With Guaranteed Maximum Price In Bexar

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

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Bexar is a legal document used between a contractor and an owner to outline the terms of a construction project. Key features include the scope of work defined by the contractor, provisions for obtaining necessary permits, and the handling of soil conditions. Importantly, the contract contains a cost-plus payment structure that guarantees a maximum price, ensuring that costs do not exceed a specified amount while allowing for actual expenditures on materials and labor. The contract also stipulates terms regarding changes to the scope of work and includes a provision for late payments. Filling out this form necessitates clear identification of the project, major terms concerning insurance and warranties, and any additional requirements specific to the site. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, as it provides a clear framework for responsibilities and liabilities in construction projects.