Construction Contract Cost Plus With Guaranteed Maximum Price In Middlesex
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Middlesex is a formal agreement between a contractor and an owner outlining the terms for a construction project. Key features include a detailed scope of work, project location, and the assurance that the total cost will not exceed a specified amount. The contractor is responsible for obtaining necessary permits and ensuring compliance with local regulations. It allows for modifications to the project scope through written change orders, ensuring transparency in any additional costs incurred. The contract emphasizes the need for adequate insurance coverage and sets guidelines for payment terms, including penalties for late payments. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in drafting or reviewing construction agreements. It provides a clear framework that can help prevent disputes, streamline the construction process, and protect the interests of all parties involved.
Free preview
Form popularity
FAQ
Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
