Home Fee Cost Plus Contract With Guaranteed Maximum In Contra Costa

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

Description

The Home fee cost plus contract with guaranteed maximum in Contra Costa is a specialized construction contract designed for residential projects. This form delineates the scope of work, work site details, and specific responsibilities of both the Contractor and the Owner. Key features include provisions for obtaining necessary permits, addressing soil conditions, maintaining insurance, and outlining processes for changes to the scope of work via written 'Change Orders.' Additionally, the contract establishes the cost structure, allowing for either a cost-plus payment method or a fixed fee. This clarity is beneficial for estimating and controlling project expenditure. Filling out the contract involves detailing the specifics of the work to be performed, the payment schedule, and any additional conditions related to late payments or warranties. It is particularly useful for attorneys, partners, and legal assistants who guide their clients through construction agreements, ensuring compliance with local regulations. Paralegals and legal assistants will also find it useful in managing documentation and amendments while providing support to attorneys in case preparation.
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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

Disadvantages of GMP contracts Potential for disputes: While shared savings can be an advantage, it can also lead to disagreements over project management decisions, especially if there's a perception that savings are being prioritized over quality.

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.

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Home Fee Cost Plus Contract With Guaranteed Maximum In Contra Costa