Construction Contract Cost Plus With Guaranteed Maximum Price In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Collin is designed for agreements between a Contractor and Owner for residential construction projects. This contract outlines the scope of work, work site location, necessary permits, and liability regarding soil conditions. The cost structure is flexible, allowing Owners to engage in either a cost-plus model where they pay for actual material costs plus a specified fee, or a fixed fee arrangement. It establishes procedures for change orders, late payments, and warranties on workmanship. This form is particularly useful for a range of legal professionals including attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for construction agreements, helping to minimize disputes and ensure compliance with local regulations. Legal professionals may assist clients in completing the document, ensuring all necessary details are accurately filled out and editing any sections as required for specific project needs.
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FAQ
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.
