Construction Contract Cost Plus With Gmp In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with GMP in Hennepin outlines the agreement between a contractor and owner for a construction project. It includes crucial details such as the scope of work, work site, and the contractor's responsibility for permits, insurance, and site conditions. The payment structure is flexible, allowing for a cost-plus arrangement where the owner covers actual material costs plus a fee, or a fixed fee. Changes to the contract can be made through written Change Orders, ensuring clarity on any additional costs incurred. The contract specifies penalties for late payments and includes warranty conditions for workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for contractual obligations, liabilities, and rights, aiding in effective project management and legal compliance.
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