Construction Cost Contract Plus With Gmp In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Fairfax is a formal agreement between the contractor and the owner, detailing the construction project scope, site, and payment structure. Key features include a comprehensive scope of work, site-specific authorization for excavation, the contractor's obligation to secure necessary permits, and clear delineation of responsibilities regarding soil conditions. The contract allows for changes in scope as initiated by the owner via written change orders, ensuring flexibility throughout the project. Payment methods are outlined, offering both cost-plus and fixed fee options, while late payment penalties are established to encourage timely financial transactions. The contractor's warranty is limited to workmanship defects discovered within one year, with all material warranties passed on to the owner. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, providing a robust legal framework that safeguards interests and clarifies obligations. Users can easily fill and edit the contract to suit specific project needs, ensuring it remains adaptable and user-friendly.
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