Construction Contract Cost Plus With Guaranteed Maximum Price In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Nassau is structured to establish the agreement between a contractor and an owner for a construction project. Key features include a detailed scope of work outlining the project specifications, insurance requirements, and provisions for changes or modifications to the project scope via written change orders. The contractor's fee can be based either on actual costs incurred plus an agreed sum or a fixed fee. The contract also emphasizes the owner's responsibilities regarding permits, site conditions, and late payment charges. Filling out the form requires specifying project particulars, including the total costs and payment terms. This document is crucial for various target users, such as attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for contractual obligations and risk management in construction contracts, ensuring that all parties are aligned on costs and responsibilities.
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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.
