Construction Cost Contract 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 Cost Contract Plus with Guaranteed Maximum Price in Miami-Dade is a legal document that outlines the agreement between a contractor and an owner for the construction of a project, specifying the scope of work, payment structure, and responsibilities of both parties. Key features include a detailed description of the project scope, a clear work site location, responsibilities for obtaining necessary permits, and provisions regarding soil conditions. The contract allows for changes to the project scope through written change orders and sets clear terms for contractor fees, which may be based on cost plus or fixed fee models. It addresses late payment penalties, warranty conditions, and insurance coverage obligations. This contract provides essential guidelines for attorneys, partners, owners, associates, paralegals, and legal assistants, ensuring all parties understand their rights and obligations in a construction agreement. It is particularly useful for managing costs effectively and ensuring compliance with local regulations in Miami-Dade.
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