Construction Contract Cost Plus With Gmp In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With GMP in Fairfax is a legally binding document between a Contractor and an Owner for the construction of a specified project. This contract outlines essential details such as the scope of work, the work site, and necessary permits, making it clear who is responsible for various aspects, including obtaining permits and handling soil conditions. It incorporates a cost-plus pricing structure, allowing the Owner to cover the actual costs of materials plus a set fee for the Contractor's services. Key features include provisions for changes to the scope of work through written change orders, late payment penalties, and a warranty that limits liability for defects in workmanship to one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a comprehensive framework for managing construction projects while clarifying responsibilities and expectations among all parties involved. Completing and editing the form requires attention to detail, ensuring all sections are filled accurately to avoid disputes during project execution.
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.
