Construction Cost Contract Plus With Guaranteed Maximum Price In Bexar
Category:
State:
Multi-State
County:
Bexar
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with Guaranteed Maximum Price in Bexar is designed to specify the terms between the Contractor and the Owner for a construction project. Key features include a detailed scope of work outlining labor and materials required, provisions for obtaining necessary permits, and clarifications regarding soil conditions and insurance responsibilities. This contract emphasizes the process for making changes to the project, which must be documented through written 'Change Orders.' It also provides two payment structures: cost plus and fixed fee, enabling flexibility based on project specifics. The contract contains guidelines for late payments and outlines the warranty coverage for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a clear framework for managing construction projects while minimizing disputes and ensuring compliance with local regulations.
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FAQ
One of the biggest benefits of the Construction Manager-at-Risk (CM-R) delivery method is the development of a working partnership between the Owner, design team, and contractor. Typically, with the CM-R process, the contractor will be hired during the design phase shortly after an architect has been selected.
They work closely with project managers, health and safety teams, human resources and legal teams. Risk managers create policies to protect assets and minimise accidents, mistakes, budget loss or public liability.
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.