Contract Cost Plus Agreement With Gmp In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with GMP in Kings is a legally binding document between a Contractor and an Owner for the construction of a specified project. The agreement outlines key elements such as the scope of work, work site details, and responsibilities related to permits and soil conditions. A significant feature is the payment structure, where the Owner agrees to pay for the actual costs of materials plus a fixed fee for services. It also includes provisions for late payments, warranty limitations for workmanship, and guidelines for making changes to the project scope through documented change orders. The form provides a clear framework for both parties, ensuring mutual understanding of obligations and financial arrangements. Attorneys, partners, and owners can utilize this form to formalize construction agreements, while associates, paralegals, and legal assistants may find it helpful for understanding contractual relationships in construction projects. This agreement ultimately supports effective communication and documentation throughout the construction process.
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FAQ
The major difference between lump sum and EPC is that, in EPC the contractor has the responsibility of design and construction. b. Where as in lump sum contract the design and drawings are prepared by the technical team of the owner.
Series A O/C Agreements. B O/A Agreements. C Other Agreements. D Miscellaneous. E Exhibits. F Facility Management. G Forms.
