Contract Cost Plus Agreement For Construction In Georgia
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Description
The Contract Cost Plus Agreement for Construction in Georgia outlines the terms and conditions between the contractor and the owner for a construction project. This legal document details the scope of work, including the responsibilities of the contractor, the work site location, and any applicable permits. The agreement employs a cost plus structure, meaning the owner will pay the contractor for actual costs incurred plus a specified fee for services rendered. Key features include provisions for changes in scope via written change orders, as well as guidelines on insurance, payment terms, and warranties for the work performed. The document highlights the importance of boundaries and title surveys to ensure clarity before starting construction. Filling in specific details like project costs, locations, and project descriptions is essential for the accuracy of the agreement. Targeting attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a comprehensive framework to facilitate legally compliant construction projects while protecting the interests of both parties involved.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
