Cost Plus Construction Contract With Gmp In North Carolina

State:
Multi-State
Control #:
US-00462
Format:
Word; 
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Description

The Cost plus construction contract with gmp in North Carolina outlines the agreement between a Contractor and an Owner for the construction of a specified project. Key features include a detailed scope of work, stipulations regarding the construction site, and the need for necessary permits. The contract specifies that the Contractor is not responsible for soil conditions and outlines insurance requirements for liability and workers' compensation. It allows for changes to the scope of work via written Change Orders, with costs for changes to be borne by the Owner. The payment structure can be based on the actual costs plus a fee or a fixed fee, alongside late payment penalties. This form is optimized for users such as attorneys, partners, owners, associates, paralegals, and legal assistants, providing them with a clear framework for construction agreements that emphasizes liability, payment terms, and responsibilities, facilitating legal compliance and project oversight.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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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.

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Cost Plus Construction Contract With Gmp In North Carolina