Cost Plus Construction Contract With Guaranteed Maximum Price In Hillsborough

State:
Multi-State
County:
Hillsborough
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Cost Plus Construction Contract with Guaranteed Maximum Price in Hillsborough is designed to outline the agreement between a contractor and an owner regarding the construction of a project. This form defines the scope of work, including the specific plans and specifications, as well as the work site details. Key features include the contractor's responsibility for acquiring necessary permits, the handling of soil conditions, and requirements for insurance coverage. The contract allows for changes to the scope of work, which must be documented with written Change Orders. It also specifies the payment structure, allowing for a cost plus model that includes actual material costs plus a defined fee. Late payment penalties and warranty limitations are also included to protect both parties. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, providing a clear framework for project execution and financial management.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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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.

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Cost Plus Construction Contract With Guaranteed Maximum Price In Hillsborough