Construction Contract Cost Plus With Guaranteed Maximum Price In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With Guaranteed Maximum Price in Broward is a legal document that outlines the responsibilities and agreements between a contractor and owner regarding a construction project. This contract includes essential elements such as the scope of work, work site details, permit acquisition, and insurance responsibilities. It specifies that the owner agrees to pay for the actual costs of materials, plus an additional fee for the contractor's services, providing cost transparency and capping potential expenses. Key features include provisions for dealing with changes in project scope through written change orders and a warranty clause that limits the contractor's liability. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in construction projects by ensuring clarity in roles and financial responsibilities. It is critical that all parties review and understand the form, as this ensures that legal obligations are met, preventing disputes and misunderstandings. Furthermore, the utility of the contract extends to facilitating risk management and compliance with local regulations.
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