Construction Cost Contract Plus With Guaranteed Maximum Price In Maricopa

• Category: Construction - Contractors
• State: Multi-State
• County: Maricopa
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Cost Contract Plus with Guaranteed Maximum Price in Maricopa is a detailed agreement between a contractor and an owner outlining the scope of work for a construction project. This contract specifies the responsibilities of both parties, including a clear scope of work, work site details, permit responsibilities, and soil condition liabilities. Importantly, it allows for changes to the original plans through written change orders, with costs adjusted accordingly. The contractor's fee can be structured as a cost-plus payment or a fixed fee, providing flexibility based on project needs. Additionally, provisions for late payment, warranty limitations, and insurance requirements are included to protect both parties' interests. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction law, providing a solid legal foundation for project execution while ensuring clarity on financial responsibilities, accountability, and compliance with local regulations.