Construction Cost Contract Plus With Gmp In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Dallas is a comprehensive agreement between a Contractor and an Owner for residential construction projects. This form outlines the scope of work, the work site, and the need for necessary permits, ensuring both parties understand their responsibilities. Key features include provisions regarding soil conditions, insurance requirements, and boundary surveys. This contract accommodates changes through written Change Orders, which allows for flexibility in project specifications. Payment terms include options for cost-plus and fixed fee arrangements, ensuring clarity in financial agreements. Additionally, it addresses late payments, outlining penalties and collection costs. The warranty provided by the Contractor is limited to a year post-completion for workmanship defects. This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a structured and legally binding framework for construction agreements, facilitates clear communication, and helps mitigate disputes.
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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.
