Construction Contract Cost Plus With Guaranteed Maximum Price In Clark

• Category: Construction - Contractors
• State: Multi-State
• County: Clark
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract for cost plus with guaranteed maximum price in Clark is designed to outline the responsibilities between the Contractor and the Owner for a building project. Key features of this contract include a detailed scope of work which defines the project specifications, and establishes the work site where construction will occur. It specifies that the Contractor is responsible for obtaining necessary permits and highlights that any additional expenses related to site conditions fall to the Owner. The contract permits changes to the project's scope through written change orders, with the Owner responsible for any resultant cost increases. Importantly, the payment structure allows for a cost plus model, where the Owner covers the actual cost of materials plus an agreed sum for services, ensuring clarity in financial expectations. This form serves as an essential tool for attorneys, partners, owners, associates, paralegals, and legal assistants who seek to formalize agreements and protect the interests of all parties involved in construction projects. It streamlines the documentation process while aligning with legal requirements, making it practical for both experienced and novice users in the construction field.