Contract Cost Plus Form With Gmp In King
Category:
State:
Multi-State
County:
King
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form with GMP in King is a specialized construction agreement that allows owners to pay contractors based on the actual costs incurred for materials and labor, plus a guaranteed maximum price (GMP) for services. This form is designed to define the scope of work, work site, necessary permits, and responsibilities regarding soil conditions and insurance. It includes provisions for changes to the scope of work through written change orders, ensuring transparency in costs associated with modifications. Key features include a clear breakdown of payment terms, late payment penalties, and warranties limited to workmanship defects for one year. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to managing construction projects while minimizing disputes. Users can fill in critical information such as project details, payment terms, and change orders, making it flexible for various construction needs. Overall, this contract fosters clear communication and accountability between parties involved in construction projects.
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FAQ
Contracts are standard forms of agreements for the design and construction industry produced by The . These forms are widely recognized as industry standard legal forms and agreements that define the relationships and terms involved in design and construction projects.
