Contract Cost Plus Form With Gmp In Michigan

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Contract Cost Plus Form with GMP in Michigan is a specialized document that outlines the agreement between a contractor and an owner for construction projects. This form highlights key features such as the scope of work, including detailed plans and specifications, and the contractor's fees based on actual costs plus a guaranteed maximum price (GMP). It also specifies responsibilities regarding permits, insurance coverage, soil conditions, and changes to the scope of work. Filling out this form requires clarity on the payment structure for construction costs, as well as any changes that may arise during the project. It's particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, offering a clear layout to manage financial expectations and protect the interests of all parties. The form facilitates communication and documentation of agreed-upon changes, ensuring legal compliance and reducing potential disputes. Additionally, it secures warranties on workmanship for a specified period, providing assurance to the owner regarding the quality of the work performed.