Home Fee Cost Plus Contract With Gmp In California
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Description
The Home Fee Cost Plus Contract with GMP in California is designed for construction projects where payment is based on actual construction costs plus a set fee for the contractor's services. This contract outlines the scope of work, ensuring that both parties agree on the project's specifications. Key features include provisions for permits, soil conditions, insurance requirements, and responsibilities for boundary surveys and title opinions. The contractor is compensated for actual expenses incurred plus an additional fee, allowing for transparency and accountability in cost management. Fillable sections include details on project costs and payment schedules. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction, as it clarifies financial obligations and responsibilities, minimizing potential disputes and ensuring compliance with local regulations. It also provides a structure for managing changes in project scope through written change orders, protecting both contractor and owner interests.
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FAQ
The contract should describe, in detail, the products to be used and how the work will be performed, i.e., size, color, who will be doing what work, amounts of materials provided, manufacturer model number, etc. There must be a detailed, written payment schedule in the contract.
