Construction Contract Cost Plus With Gmp In Florida
Instant download
Description
The Construction Contract Cost Plus with GMP in Florida outlines a legal agreement between the Contractor and Owner for the construction of a residential project. Key features include a detailed scope of work, the requirement for the Contractor to obtain necessary permits, and stipulations regarding soil conditions at the work site, ensuring the contractor's responsibilities are clearly defined. This form also accommodates changes to the project scope via written Change Orders, addressing any cost implications associated with such changes. Payment terms are outlined, with options for a cost-plus or fixed-fee structure, whilst also detailing late payments and warranties on workmanship and materials. Filling and editing instructions emphasize clarity and compliance, suggesting that users fill in the specific details of the project and payment terms. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, providing a clear framework to manage expectations and obligations in Florida's legal context.
Free preview
Form popularity
FAQ
Disadvantages of GMP contracts Potential for disputes: While shared savings can be an advantage, it can also lead to disagreements over project management decisions, especially if there's a perception that savings are being prioritized over quality.