Construction Cost Contract Plus With Guaranteed Maximum Price In Collin

State:
Multi-State
County:
Collin
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Construction Cost Contract Plus with Guaranteed Maximum Price in Collin serves as a comprehensive agreement between the contractor and the owner for residential construction projects. Key features include a detailed scope of work, delineation of responsibilities regarding permits, insurance requirements, and protocols for addressing soil conditions. The contract allows for changes to the project with written 'Change Orders' and specifies payment structures, including both cost-plus and fixed fee arrangements. An important aspect is the guaranteed maximum price, which protects the owner from cost overruns. Utility varies for different legal roles: attorneys may leverage this form for client advisement, partners and owners can ensure project clarity and risk mitigation, while associates, paralegals, and legal assistants can facilitate smooth contractual processes. Proper filling and editing instructions are crucial; users should ensure accurate descriptions of the project, timely changes to scope, and clear payment terms to reduce potential 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

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.

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.

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.

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.

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Construction Cost Contract Plus With Guaranteed Maximum Price In Collin