Construction Contract Cost Plus With Gmp In Orange

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

Description

The Construction Contract Cost Plus with GMP in Orange is a detailed legal agreement between a Contractor and Owner for residential construction projects. This contract lays out specific terms, including the scope of work, work site details, permit responsibilities, and insurance obligations. A key feature is the cost-plus payment structure that allows the owner to pay the actual costs of materials plus an agreed-upon fee for services, accommodating flexibility in budgeting for unforeseen changes or expenses. The contract includes clauses for soil conditions, changes to the project scope via formal Change Orders, and outlines procedures for late payments and warranties. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law. They can utilize this contract to ensure all parties are clearly informed of their rights and responsibilities, helping to mitigate disputes and facilitating smooth project execution.