Construction Contract Cost Plus With Gmp In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with GMP in Nassau is designed for projects where the owner agrees to pay the contractor for actual costs incurred plus a guaranteed maximum price (GMP). This contract outlines key elements including the scope of work, responsibilities for permits and soil conditions, and insurance requirements. It incorporates provisions for changes to the scope of work via written change orders and clarifies payment structures for both cost-plus and fixed-fee arrangements. With a focus on clarity, it emphasizes the owner's financial responsibilities for delays and additional site work. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction agreements, ensuring all parties have a clear understanding of their obligations and rights. Filling and editing the form requires attention to detail regarding project specifications and approvals from local authorities, and users should ensure that any modifications to the contract are documented appropriately.
Free preview
Form popularity
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.
