Cost Plus Construction Contract With Guaranteed Maximum Price In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with Guaranteed Maximum Price in Harris outlines the agreement between a Contractor and an Owner for the construction of a project, ensuring that costs do not exceed a specified maximum. This contract allows for flexible payment structures where the Owner can agree to pay actual costs plus an additional fee for Contractor services. Key features include defined scope of work, responsibilities for obtaining permits, insurance requirements, and stipulations for changes to the project. It specifies that the Owner must provide site surveys and acknowledge that soil conditions at the work site are not the Contractor's responsibility. Filling and editing instructions emphasize precise documentation for changes and payments, ensuring transparency and clarity throughout the construction process. Targeted users—attorneys, partners, owners, associates, paralegals, and legal assistants—will find this form useful to negotiate terms, protect interests, and manage legal compliance effectively. The language and directives cater to users of varying legal backgrounds, making it accessible and straightforward to understand.
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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.
