Construction Contract Cost Plus With Guaranteed Maximum Price In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With Guaranteed Maximum Price in Orange is a legal form designed to formalize an agreement between a contractor and an owner regarding construction projects. This contract outlines the contractor's responsibility to provide labor and materials to fulfill the project as specified in the plans approved by the owner. Key features include the scope of work, work site details, permit acquisition, insurance requirements, and provisions for handling changes to the scope of work through written Change Orders. The contract stipulates a cost-plus payment structure where the owner agrees to pay for actual costs incurred, plus an additional fee for services rendered. Furthermore, it includes clauses regarding late payments and warranties on workmanship and materials. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear and structured means to document agreements and responsibilities in construction projects. It can help mitigate risks associated with ambiguous terms and ensure compliance with local regulations.
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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.
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.
