Construction Cost Contract 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 Cost Contract Plus with Guaranteed Maximum Price in Nassau is a comprehensive agreement between a contractor and an owner detailing the execution of a construction project. It outlines the scope of work, specifying the responsibilities of the contractor regarding labor, materials, and permits. Notably, this form includes provisions for changes to the work's scope, ensuring that any adjustments are documented via written Change Orders. The payment structure can be based on a cost-plus arrangement or a fixed fee, providing flexibility for owners while ensuring contractors are compensated appropriately. Additionally, the contract stipulates insurance coverage requirements and outlines warranties for workmanship defects. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants, as it aids in formalizing construction agreements, mitigating disputes, and ensuring compliance with local regulations. Users can fill in specific project details and modify sections as needed to tailor the contract to particular needs, making it a relevant resource for managing construction projects in Nassau.
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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.
