Construction Cost Contract Plus With Gmp In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Fulton is a legal document that outlines the agreement between the Contractor and the Owner for a construction project. Key features of the form include a detailed scope of work, work site specifications, and requirements for obtaining necessary permits. It also specifies that the Contractor is not responsible for soil conditions at the work site and requires the Owner to provide a boundary survey and title opinion prior to construction. The contract allows for changes to the scope of work through written change orders, addressing potential increases in project cost. Payment structures are included, such as cost-plus or fixed fee arrangements, along with stipulations for late payments and warranties on workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, ensuring clarity in contractual obligations and dispute resolution. Its practicality lies in clearly defining responsibilities and cost expectations among the parties involved, which is essential for smooth project execution.
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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.
