Construction Cost Contract Plus With Gmp In Collin

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

Description

The Construction Cost Contract Plus with GMP in Collin is a legal document outlining the terms between a contractor and an owner for a construction project. Key features include defining the scope of work, the work site, permit acquisition responsibilities, and handling soil conditions. It specifies insurance requirements for the contractor, mandates a boundary survey and title review before construction begins, and allows for modifications to the construction plan through written change orders. The contract includes payment structures based on either cost-plus or fixed-fee arrangements, stipulating late payment penalties and warranties for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for responsibilities and liabilities, ensuring compliance with local regulations. Additionally, it guides users through necessary documentation and processes, rendering it essential for successful project management and legal protection.