Construction Contract Cost Plus With Guaranteed Maximum Price In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Maricopa is designed to define the terms and conditions under which a contractor will complete a construction project for an owner. The contract specifies the scope of work, work site, permits, soil conditions, and insurance requirements, ensuring all parties understand their roles and responsibilities. A key feature includes the Cost Plus provision, where the owner agrees to pay the actual costs incurred by the contractor plus a predetermined fee. This arrangement provides accountability while setting a guaranteed maximum price to protect the owner's interests. The contract also outlines procedures for making changes to the scope of work, payment terms, late payment penalties, and warranty provisions related to workmanship. It is designed for ease of use, enabling attorneys, partners, owners, associates, paralegals, and legal assistants to tailor the document to their specific needs. The form allows for customization based on the project's unique characteristics and requirements, making it an invaluable tool for any construction-related legal transactions.
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FAQ
Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
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.
