Contract Cost Plus Form With Gmp In Pennsylvania

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

Description

The Contract Cost Plus Form with GMP in Pennsylvania provides a comprehensive agreement between a contractor and owner for construction projects. This form outlines the scope of work, project site, permit responsibilities, insurance requirements, and conditions regarding soil and site surveys. Notably, it incorporates the cost plus payment structure, where the owner pays for the actual cost of materials plus a specified fee for the contractor's services. It's essential for users to ensure that any changes to the scope of work are documented through written change orders, and it details the consequences of late payments as well. This form is valuable for various legal professionals including attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear guideline for managing financial responsibilities and expectations in construction contracts. Legal assistants can aid in filling out the form accurately, while attorneys might utilize it in negotiations or dispute resolutions. This document serves to protect both parties by defining their obligations and ensuring transparency in financial arrangements.