Construction Cost Contract Plus With Gmp In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus With GMP in Harris is designed for use in construction projects, establishing a clear agreement between the Contractor and the Owner. It outlines the scope of work, which includes all labor and materials for the construction of a residence as per specified plans. Key features include the requirement for permits, soil conditions stipulations, and insurance obligations for the Contractor, ensuring comprehensive legal protection for both parties. The contract allows for changes in the work scope through written Change Orders, with associated costs clearly stated. The contractor's fee can be structured as cost-plus or fixed fee, providing flexibility based on project requirements. Late payment terms and warranty clauses further protect the interests of both parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction, offering a structured framework for negotiations and legal compliance in construction agreements.
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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.
How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
