Home Fee Cost Plus Contract With Gmp In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home Fee Cost Plus Contract with GMP in Palm Beach is a detailed agreement between a contractor and an owner regarding the construction of a residence. This contract encompasses several essential components, including the scope of work, work site details, required permits, and insurance provisions. The cost structure is unique, allowing for payment based on actual material costs plus a specified fee for services performed, or an alternative fixed fee. Furthermore, it outlines procedures for changes to the project's scope, including the need for written change orders and an understanding of potential extra costs. Late payments incur a fee, and warranties are limited to workmanship defects identified within a year. This contract is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in residential construction projects, as it provides clarity on roles, responsibilities, and financial obligations, ensuring a structured approach to construction in Palm Beach.
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