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The Cost Plus Construction Contract with GMP in Contra Costa is a legal document that outlines the agreement between the Contractor and Owner for a construction project. It includes key features such as the scope of work, site description, permit requirements, and insurance obligations. The Owner agrees to pay the actual cost of materials plus an additional fee for the Contractor's services. Changes to the scope of work are permitted through written Change Orders, which may result in increased costs. This form is vital for establishing responsibilities and liabilities related to construction work, including soil conditions and warranty limitations. Filling out and editing instructions indicate that specific project details must be included, along with payment terms. Target users such as attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to ensure compliance with local regulations and project specifications, making it a crucial tool in construction law.
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.
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