Construction Cost Contract Plus With Guaranteed Maximum Price In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with Guaranteed Maximum Price in Montgomery is designed for clarity and transparency in construction agreements. This form establishes a binding agreement between the Contractor and the Owner regarding the construction of a specified project. Key features include the scope of work, work site details, and the provisions for obtaining necessary permits. It also outlines responsibilities for soil conditions, insurance requirements, and the process for making changes to the scope of work, including any associated costs. The contract allows for payment structures, either cost plus or fixed fee, and details terms regarding late payments and warranties for workmanship. This form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it provides a comprehensive framework for managing construction projects while safeguarding the interests of both parties involved.
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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.
