Construction Cost Contract Plus With Gmp In Massachusetts

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

Description

The Construction Cost Contract Plus with GMP in Massachusetts outlines the agreement between a Contractor and an Owner regarding the construction of a specified project. Key features include a detailed scope of work, defined work site, and requirements for obtaining necessary permits. The contract specifies that the owner is responsible for soil conditions and any additional site work, while the Contractor must maintain relevant insurance. Changes to the project can be made through written Change Orders, with payment adjustments reflected in the Contractor's fee structure, which can be based on cost-plus or fixed fee arrangements. Late payments incur charges, and the Contractor's warranty is limited to workmanship defects within one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in property development or construction, as it provides clear guidelines for responsibilities and ensures compliance with legal standards.