Construction Cost Contract Plus With Guaranteed Maximum Price In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with Guaranteed Maximum Price in Harris is a legal agreement between a contractor and an owner for the construction of a project, ensuring that project costs do not exceed a specified maximum price. Key features include a detailed scope of work, site specifications, and provisions for obtaining necessary permits. The contract outlines responsibilities regarding soil conditions, insurance requirements, and the process for changes to the scope of work through written change orders. It also specifies contractor fees based on either a cost-plus model or a fixed fee, along with terms for late payments and warranty provisions. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, providing them with a structured approach to manage construction projects effectively while safeguarding their legal rights. By utilizing this contract, parties can establish clear expectations, mitigate disputes, and ensure compliance with local regulations.
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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.
Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
