Home Fee Cost Plus Contract With Gmp In Nevada
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Description
The Home Fee Cost Plus Contract with GMP in Nevada outlines the terms and conditions under which a contractor will provide construction services to an owner. This contract is particularly useful for managing the scope of work, which includes detailed plans and specifications for the project. Key features include the contractor's authority to begin necessary site work, the owner's responsibility for soil conditions, and the obligation to secure permits. The compensation structure allows for flexibility, offering both cost plus and fixed fee payment options. This adaptability can be pivotal in managing project expenses. The document also addresses changes in the scope of work through written change orders, ensuring clarity in agreements. Important clauses include provisions for late payment penalties and limited warranties on workmanship. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants in the construction industry, providing a legal framework that protects all parties involved and allows for successful project execution.
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