Construction Contract Cost Plus With Guaranteed Maximum Price 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 Guaranteed Maximum Price in Miami-Dade outlines the agreement between a contractor and an owner for constructing a residential project. The contract specifies the scope of work, including labor and materials, and emphasizes that the contractor will be compensated for actual costs incurred plus a fee. Key features include provisions for permits, insurance requirements, and responsibilities regarding soil conditions. The contract allows for changes in the scope of work through written change orders, which may affect project costs. It sets terms for late payments and warranties on workmanship. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured framework for defining construction agreements, ensuring legal compliance, and managing Budget constraints while fostering clear communication between parties.
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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.
