Construction Contract Cost Plus With Gmp In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with GMP in Miami-Dade is a legal document that outlines the agreement between a contractor and an owner for the construction of a residential project. The contract specifies the scope of work, including labor and materials, and establishes the work site where the project will be completed. Key features include requirements for permits, soil conditions, insurance obligations, and the provision for changes in the scope of work through written change orders. Importantly, it outlines the payment structure, distinguishing between cost plus and fixed fee arrangements, allowing owners to pay for actual costs along with a predetermined fee. The contract also includes a late payment clause and warranty provisions, protecting both parties' interests. This form serves as a crucial tool for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for construction agreements, ensuring compliance with local regulations, and safeguarding the rights of all parties involved.
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