Contract Cost Plus Agreement With Gmp In Montgomery

State:
Multi-State
County:
Montgomery
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Contract Cost Plus Agreement with GMP in Montgomery is designed for construction projects where the contractor is paid for the actual costs of materials plus a fixed fee for services. This form outlines the scope of work, specifies the work site, and establishes responsibilities for obtaining necessary permits. It also includes provisions regarding soil conditions, insurance requirements, and the process for handling changes to the scope of work through change orders. Notably, the agreement allows for additional expenses related to site conditions to be borne by the owner. It details payment terms, including consequences for late payments, and limits the contractor's warranty to defects in workmanship for one year. This form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction, providing a clear structure for agreements that mitigate risks and delineate responsibilities while fostering a transparent work relationship.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Disadvantages of GMP contracts Potential for disputes: While shared savings can be an advantage, it can also lead to disagreements over project management decisions, especially if there's a perception that savings are being prioritized over quality.

Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).

Series A O/C Agreements. B O/A Agreements. C Other Agreements. D Miscellaneous. E Exhibits. F Facility Management. G Forms.

Agricultural production contracts are agreements between producers (e.g. farmers) contractors (e.g. ag businesses) for agricultural commodities.

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Contract Cost Plus Agreement With Gmp In Montgomery