Construction Cost Contract Plus With Gmp In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Hennepin is a legal agreement outlining the relationship between a contractor and an owner regarding a construction project. Key features include the scope of work, which specifies the project's details, and the work site, where construction will occur. The contractor is responsible for obtaining necessary permits, while soil conditions are the owner's responsibility. The document also details insurance requirements and the need for a boundary survey and title opinion before construction begins. Changes to the project must be documented in writing, and the contract allows for both cost-plus and fixed fee payment structures. Late payment penalties are outlined, and warranties are limited to workmanship defects within one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law as it defines roles, responsibilities, and expectations, potentially reducing legal disputes.
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