Construction Contract Cost Plus With Guaranteed Maximum Price In Florida
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The Construction Contract Cost Plus with Guaranteed Maximum Price in Florida is designed for use between a Contractor and an Owner for residential construction projects. This form establishes a clear scope of work, requiring the Contractor to complete all construction as outlined in the project plans. Key features include the specification of the work site, responsibilities for obtaining permits, and provision for changes to the scope of work through written change orders. The contract utilizes a cost-plus payment structure, where the Owner agrees to pay the actual costs incurred by the Contractor plus a specified fee, or a fixed fee if chosen. It also stipulates risk management through insurance obligations and warranties for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to managing contractor obligations and protects the interests of all parties involved in construction projects. Users should fill in necessary details, including project specifics and payment structure, ensuring clarity throughout to avoid disputes.
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