Construction Cost Contract Plus With Guaranteed Maximum Price In Florida

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Cost Contract Plus with Guaranteed Maximum Price in Florida is a legally binding agreement between a contractor and an owner, outlining the terms for construction work on a specified project. Key features of the contract include a detailed scope of work, work site location, permit acquisition responsibilities, and conditions regarding soil and site work. The contractor is required to maintain adequate insurance, while the owner must provide necessary surveys and legal documents prior to construction. The contract allows the owner to make changes to the project's scope through written Change Orders, with financial implications clearly outlined. Payment can be structured as cost-plus, where the contractor is reimbursed for actual costs plus a fee, or as a fixed fee. It's crucial to note the provisions for late payment and warranty limitations. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for construction projects, ensuring that roles, responsibilities, and financial arrangements are explicitly defined to avoid disputes.