Cost Plus Construction Contract With Guaranteed Maximum Price In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with Guaranteed Maximum Price in Broward is a formal agreement between a contractor and an owner that outlines the terms for constructing a project based on the actual costs incurred plus a specified fee. This contract is designed to ensure that the overall cost does not exceed a predetermined maximum price, which provides a level of financial security for the owner. Key features of this contract include detailed clauses on scope of work, work site specifications, insurance requirements, and the procedure for handling changes in the scope of work through written change orders. The form requires clear identification of the project, insurance coverage stipulations, and instructions for both parties regarding payments and potential late fees. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate development and construction projects, enabling them to manage costs effectively while ensuring compliance with local regulations. By utilizing this contract, the target audience can establish clear expectations, protect against unforeseen expenses, and maintain a transparent relationship throughout the construction process.
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