Construction Cost Contract Plus With Gmp In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus With GMP in Nassau is a legal document designed for use between contractors and property owners outlining the terms for construction projects. The contract specifies the scope of work, work site details, responsibility for permits, soil condition management, insurance obligations, and provides a framework for modifications via change orders. Key features include the payment structure which allows for either a cost-plus approach or a fixed fee, ensuring clear expectations for contractor compensation. It also addresses late payment penalties and warranty terms for workmanship defects. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a comprehensive framework for authenticating construction agreements. The drafting process emphasizes clarity, outlining responsibilities to minimize disputes, making it essential for professionals involved in real estate and construction law.
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