Cost Plus Construction Contract With Guaranteed Maximum Price In Mecklenburg

State:
Multi-State
County:
Mecklenburg
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Cost Plus Construction Contract with Guaranteed Maximum Price in Mecklenburg is a legal form designed for construction projects where the owner pays for actual costs incurred by the contractor, plus an agreed-upon fee, not exceeding a specified maximum price. Key features include a detailed scope of work outlining the project's specifications, a stipulation for obtaining necessary permits, and provisions regarding soil conditions, insurance, and boundary surveys. The form allows owners to request changes in the scope of work through written change orders, ensuring that additional costs are clearly communicated and agreed upon. The contract also establishes provisions for late payments, with specified penalties, and limits the contractor's warranty to one year for defects in workmanship. This form is particularly useful for attorneys and legal assistants who need to draft or review construction contracts, while also providing paralegals and associates with a framework for understanding contractor obligations and owner protections. Owners benefit by having clarity around project costs and procedures, ensuring they are covered in case of unforeseen circumstances.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.

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.

Intelligent Transportation System (ITS) Construction Engineering Inspection is vital to the success of modern infrastructure projects. As technology continually improves, we find ways to incorporate computer systems into roadways, keeping drivers safer and more informed.

max, or impact testing, is a measurement of the shockattenuation of the playing surface. The test results for gmax are exhibited as a ratio of the acceleration/deceleration that happens during impact to the normal acceleration rate which comes as a result of gravity.

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Cost Plus Construction Contract With Guaranteed Maximum Price In Mecklenburg