Construction Contract Cost Plus With Gmp In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With GMP in Dallas is a legally binding agreement between a Contractor and an Owner for the construction of a residential project. Key features include a detailed scope of work, the requirement for permits, the handling of soil conditions, and provisions for insurance and boundary surveys. Notably, this contract allows for a cost-plus arrangement where the Owner agrees to pay the actual costs incurred by the Contractor plus a specified fee. This arrangement offers flexibility for changes in the project scope through written change orders, ensuring both parties are clear on additional costs. The contract also outlines late payment penalties and specifies warranty limitations for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in residential construction projects, as it aids in delineating responsibilities and financial obligations while providing legal safeguards during the construction process.
Free preview
Form popularity
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.
