Construction Cost Contract Plus With Gmp In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Phoenix is a legal agreement between a contractor and an owner outlining the terms for a construction project. This form includes essential components such as the scope of work, worksite specifics, and responsibility for permits and soil conditions. Key features include provisions for changes to the scope of work through written change orders and a clear breakdown of payment structures for both cost-plus and fixed-fee arrangements. The form stipulates important aspects like insurance coverage required by the contractor and late payment consequences. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a streamlined approach to managing construction contracts, ensuring all parties are aware of their responsibilities and liabilities. This document aids in maintaining transparency and protecting the interests of all stakeholders involved in construction projects in Phoenix.
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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.
