Cost Plus Construction Contract With Guaranteed Maximum Price In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with Guaranteed Maximum Price in Montgomery is a legally binding agreement between a Contractor and an Owner for the construction of a project. This form outlines key features such as the scope of work, work site details, and the obligations of each party, including the Contractor's duty to obtain necessary permits. It clarifies that the Contractor is not responsible for soil conditions and requires the Owner to provide a boundary survey and title opinion before work begins. A significant component is the payment structure, which allows the Owner to pay the Contractor based on actual costs plus a fixed fee, ensuring a maximum total price. Changes to the scope must be documented through written change orders, and late payments incur additional charges. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for managing construction projects while protecting parties' interests. It serves as a vital resource for those engaging in construction projects in Montgomery by establishing clear guidelines and accountability.
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