Construction Contract Cost Plus With Guaranteed Maximum Price In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction contract cost plus with guaranteed maximum price in Contra Costa is a legal document designed for use between a contractor and an owner undertaking a construction project. This contract outlines the scope of work, work site details, necessary permits, and soil conditions, emphasizing the contractor's responsibilities and limitations. A key feature is the cost-plus compensation structure, allowing the owner to pay for actual construction costs plus a specified fee, providing clarity on financial obligations. The contract stipulates procedures for changes to the scope of work through written change orders and updates payment terms, including provisions for late payments. Additionally, it addresses insurance responsibilities, warranty limitations, and the need for boundary surveys and title opinions before construction. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it facilitates clear communication of responsibilities and protects the interests of both parties involved in construction projects.
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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.
