Construction Cost Contract Plus With Guaranteed Maximum Price In Clark

State:
Multi-State
County:
Clark
Control #:
US-00462
Format:
Word; 
Rich Text
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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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

They work closely with project managers, health and safety teams, human resources and legal teams. Risk managers create policies to protect assets and minimise accidents, mistakes, budget loss or public liability.

One of the biggest benefits of the Construction Manager-at-Risk (CM-R) delivery method is the development of a working partnership between the Owner, design team, and contractor. Typically, with the CM-R process, the contractor will be hired during the design phase shortly after an architect has been selected.

max, or impact testing, is a measurement of the shockattenuation of the playing surface. The test results for gmax are exhibited as a ratio of the acceleration/deceleration that happens during impact to the normal acceleration rate which comes as a result of gravity.

Intelligent Transportation System (ITS) Construction Engineering Inspection is vital to the success of modern infrastructure projects. As technology continually improves, we find ways to incorporate computer systems into roadways, keeping drivers safer and more informed.

The GMP Budget is the amount the Trustees have budgeted for the construction Contract. The award of a construction contract is contingent upon receiving an actual GMP within the GMP Budget.

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 Cost Contract Plus With Guaranteed Maximum Price In Clark