Construction Contract Cost Plus With Gmp In Michigan
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Description
The Construction Contract Cost Plus with GMP in Michigan outlines the agreement between the Contractor and Owner for construction services. Key features include a defined scope of work, detailing the responsibilities of both parties, including permit acquisition and insurance requirements. The form allows for changes in project scope through written Change Orders, ensuring flexibility during construction. It specifies payment terms for both cost plus and fixed fee arrangements, including provisions for late payments and default. The Contractor's warranty is limited to workmanship defects for one year post-completion. This contract is particularly useful for attorneys, partners, and owners who require a formal structure for construction projects, ensuring clarity in obligations and financial arrangements. Paralegals and legal assistants benefit by referencing this form when drafting contracts, as it provides a clear framework for the terms of construction agreements. Overall, the form facilitates efficient project management and legal compliance for all parties involved.
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Michigan construction contract requirements Only residential construction contracts are regulated in Michigan. Such contracts must be in writing, include the contractor's license number (if a license is required), and cite the statute that requires the contractor to be licensed for their particular trade.
Series A O/C Agreements. B O/A Agreements. C Other Agreements. D Miscellaneous. E Exhibits. F Facility Management. G Forms.
