Construction Cost Contract 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 Cost Contract Plus with Guaranteed Maximum Price in Oakland is a legal document that outlines the terms between a contractor and an owner for a construction project. It specifies the project scope, including labor and materials to be provided by the contractor and the defined work site. Key features include provisions for obtaining necessary permits, addressing soil conditions, and maintaining insurance. The contract allows for changes to the project scope through written change orders, ensuring clarity in any modifications to costs. Payment terms are highlighted, with options for cost-plus or fixed fees, and penalties for late payments are detailed. The warranty section limits the contractor's liability to workmanship defects within one year, while manufacturers' warranties on materials are assigned to the owner. This form is useful for attorneys, partners, and owners involved in construction projects, providing a clear framework for expectations, responsibilities, and legal protections. Paralegals and legal assistants can utilize this form to assist in drafting and reviewing contracts, ensuring compliance with local laws and standards.
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FAQ
Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
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.
