Cost Plus Construction Contract With Guaranteed Maximum Price In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with Guaranteed Maximum Price in Maricopa is a legal form used to outline the agreements between a contractor and an owner regarding construction projects. Key features include the defined scope of work, specifications for the work site, and the requirements for permits and insurance. This contract stipulates that the owner pays the contractor for the actual costs incurred plus a fee, but with a guaranteed maximum price to protect the owner from unexpected expenses. The form outlines conditions for changes in the scope of work, payments for late charges, warranty stipulations, and responsibilities related to soil conditions. Filling and editing instructions emphasize the necessity for written change orders and include spaces for specific project details. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, project management, and real estate development, offering clear guidelines for managing construction costs and ensuring contract compliance.
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FAQ
They work closely with project managers, health and safety teams, human resources and legal teams. Risk managers create policies to protect assets and minimise accidents, mistakes, budget loss or public liability.
One of the biggest benefits of the Construction Manager-at-Risk (CM-R) delivery method is the development of a working partnership between the Owner, design team, and contractor. Typically, with the CM-R process, the contractor will be hired during the design phase shortly after an architect has been selected.
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.
