Construction Cost Contract Plus With Gmp In Cuyahoga
Category:
State:
Multi-State
County:
Cuyahoga
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus With GMP in Cuyahoga outlines the agreement between the Contractor and the Owner for a construction project. This form details the scope of work, responsibilities at the work site, and the requirement for necessary permits. It establishes that the Contractor will not be held liable for soil conditions at the work site and emphasizes the need for insurance coverage. The form allows the Owner to request changes to the scope of work through written change orders, and clearly states payment structures, whether on a cost-plus or fixed fee basis. Additionally, it includes provisions for late payments and warranty conditions. This contract is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for construction agreements, protecting both parties' interests while ensuring compliance with local regulations. By utilizing this form, professionals can facilitate smooth project execution and mitigate legal risks.
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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.
