Construction Contract Cost Plus With Guaranteed Maximum Price In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in Phoenix is a legally binding agreement between a contractor and owner that outlines the conditions for constructing a residential project. It includes sections detailing the scope of work, work site, permit acquisition, soil conditions, and insurance requirements. A key feature is the payment structure, allowing for a cost-plus model where the owner pays for the actual costs plus a fee, ensuring transparency in expenses. Additionally, provisions for changes in scope allow owners to modify the project while agreeing to cover any additional costs. The form also addresses late payment penalties and contractor warranties. This form serves various target audiences, including attorneys who may need to review or negotiate contracts, partners coordinating construction projects, owners seeking detailed terms, and legal assistants preparing documentation. It is crucial for maintaining clarity and compliance throughout the construction process.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
Intelligent Transportation System (ITS) Construction Engineering Inspection is vital to the success of modern infrastructure projects. As technology continually improves, we find ways to incorporate computer systems into roadways, keeping drivers safer and more informed.
max, or impact testing, is a measurement of the shockattenuation of the playing surface. The test results for gmax are exhibited as a ratio of the acceleration/deceleration that happens during impact to the normal acceleration rate which comes as a result of gravity.
