Construction Contract Cost Plus With Gmp In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With GMP in Philadelphia is designed for contracts between a contractor and an owner for constructing a residence. Key features include defining the scope of work, specifying the work site, and outlining permit responsibilities. It allows for adjustments to the project's scope through written change orders, ensuring costs are transparent; owners agree to pay the actual costs of materials plus a contractor's predetermined fee. This form addresses soil conditions, liability, and the importance of providing necessary documentation, such as boundary surveys and title opinions. It outlines payment terms, including late fees for overdue payments, and provides a limited warranty on workmanship. This construction contract serves various target audiences in legal and business contexts, including attorneys who may need to negotiate terms, partners and owners managing projects, associates involved in contract preparation, paralegals assisting with documentation, and legal assistants processing contractual paperwork.
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FAQ
The major difference between lump sum and EPC is that, in EPC the contractor has the responsibility of design and construction. b. Where as in lump sum contract the design and drawings are prepared by the technical team of the owner.
