Construction Cost Contract Plus With Guaranteed Maximum Price In Cook

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

Description

The Construction Cost Contract Plus with Guaranteed Maximum Price in Cook is a legal document that outlines the terms and conditions under which a contractor will complete a construction project. This contract establishes the scope of work, which includes labor and materials, and specifies the work site. One of its key features is the Guaranteed Maximum Price option, which ensures the owner will not pay more than a predetermined amount for the project. The form includes provisions for obtaining permits, managing soil conditions, and addressing insurance requirements. It also allows for changes to the scope of work through written change orders, which may impact the project's cost. This contract serves various professionals, including attorneys who draft or review contracts, partners and owners managing projects, associates and paralegals assisting in contract administration, and legal assistants preparing the necessary documentation. Users will find this form supportive as it clarifies responsibilities and reduces disputes by providing a clear structure for managing costs and expectations in a construction project.