Cost Plus Construction Contract With Gmp In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with GMP in Miami-Dade is designed to outline the terms and conditions under which a contractor agrees to perform construction services for an owner. Key features include a detailed scope of work that specifies the project plans and a work site, along with soil condition disclaimers, insurance responsibilities, and the necessity for permits. The contract allows for changes to the project scope, which must be documented via written change orders, with provisions for adjusting costs accordingly. Payment terms can vary, offering options for cost-plus compensation where owners pay actual costs plus a fee, or a fixed fee arrangement. This form serves as a valuable tool for attorneys, partners, owners, associates, paralegals, and legal assistants, ensuring clarity and legal protection in construction agreements. Filling and editing instructions emphasize the accurate completion of all sections to reflect the specific project and parties involved, promoting compliance with local regulations. The contract's straightforward language enables easy understanding, making it accessible for users with varying legal expertise.
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FAQ
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.
