Construction Contract Cost Plus With Guaranteed Maximum Price In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Oakland is designed to establish a clear agreement between a contractor and owner for the construction of a residential project. Key features include a well-defined scope of work outlining the project specifics, the contractor's obligations regarding permits, and a clause regarding soil conditions that specifies the owner's responsibility for site conditions. The form also covers insurance requirements, change orders for modifications, and payment terms, specifically detailing a cost-plus arrangement where the owner pays for actual costs plus a predetermined fee. This contract helps in managing expectations on both sides, especially in terms of financials and project scope. Target users, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this document particularly useful for its clarity and structure. It allows attorneys to draft clear contracts that minimize disputes. Owners will benefit from understanding their financial obligations and protection measures such as insurance and warranties. Legal assistants and paralegals can easily fill in the necessary details, ensuring compliance with regional regulations. Overall, this form serves as a comprehensive tool that facilitates successful construction project management in Oakland.
Free preview
Form popularity
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.
