What is the maximum contract value?

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

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Construction Contract for Home - Fixed Fee or Cost Plus

Construction Cost Contract Plus With Guaranteed Maximum Price In Clark

Q: What is the maximum contract value?

Maximum Contract Value means the amount specified in the &quot;Limitation of Expenditure&quot; clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

Category:

Construction - Contractors

State:

Multi-State

County:

Clark

Control #:

US-00462

Format:

Instant download

Description

The Construction Cost Contract Plus with Guaranteed Maximum Price in Clark is designed to provide a structured agreement between a contractor and an owner for construction projects. This contract outlines the scope of work, site details, required permits, and responsibilities related to soil conditions and insurance. A key feature is the ability for the owner to make changes to the project scope through a formal Change Order, with costs transparently detailed. The contract allows for either a cost-plus or fixed fee payment structure, ensuring clarity on the financial terms of the agreement. It includes provisions for late payment penalties and a warranty on workmanship for up to one year. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law by providing a comprehensive framework to facilitate clear communication and expectations between parties. Completing and editing the form requires careful attention to detail, particularly in specifying the scope of work and the financial terms, which are critical for ensuring compliance and minimizing disputes.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.