Construction Cost Contract Plus With Gmp In Ohio

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Cost Contract Plus With GMP in Ohio is designed to establish a clear agreement between the Contractor and the Owner for the construction of a residential project. This form outlines several essential features, including the scope of work, work site details, permit responsibilities, and insurance requirements, helping both parties manage their expectations and obligations. It allows for either a cost-plus or fixed-fee payment structure, providing flexibility based on the project's financial arrangements. The contract also includes provisions for changes in the scope of work through written Change Orders and specifies late payment penalties to ensure timely compliance. This document serves as a vital reference for legal professionals involved in construction law, ensuring that all parties are informed and protected throughout the project's duration. It is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who need to navigate construction agreements and ensure compliance with Ohio laws. By using this form, legal practitioners can help their clients mitigate risks and clarify terms surrounding construction projects.