Construction Contract Cost Plus With Guaranteed Maximum Price In Mecklenburg

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

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Mecklenburg is designed for use in construction projects, ensuring both parties understand their responsibilities and liabilities. It outlines the scope of work, with the contractor providing all necessary labor and materials based on specified plans. The form highlights the importance of obtaining required permits and addresses potential issues related to soil conditions, with the contractor not held liable for unforeseen soil issues. Insurance requirements, boundary surveys, and title opinions are also detailed to protect both parties. A key feature is the 'cost plus' payment structure, where the owner pays the actual costs of materials along with a specified fee for contractor services. Changes to the scope of work can be made through written change orders, ensuring all modifications are documented and agreed upon. The document also includes provisions for late payments and warranties, emphasizing the contractor's accountability for workmanship defects for one year. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear and comprehensive contract for construction projects.