Construction Contract Cost Plus With Gmp In California
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Description
The Construction Contract Cost Plus with GMP in California is designed for agreements between contractors and owners regarding the construction of a project. This contract outlines the scope of work, work site, permit responsibilities, soil conditions, insurance requirements, boundary surveys, and title provisions. A significant feature is the cost-plus fee structure, allowing owners to pay for the actual costs incurred by the contractor along with an agreed-upon fee. It also outlines the procedure for making changes to the scope of work through written change orders, ensuring clear communication and cost adjustments. The contract includes provisions for late payments and warranty limitations, protecting both parties. Attorneys, partners, owners, associates, paralegals, and legal assistants can use this form to ensure compliance with state regulations while facilitating a clear understanding of obligations and liabilities in construction projects. Filling out this form requires accurate details about the project scope, payment arrangements, and any special conditions that may affect project execution. Legal professionals can guide clients in customizing this contract to meet specific project needs.
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