Construction Cost Contract 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 Cost Contract Plus with Guaranteed Maximum Price in Phoenix is a detailed legal agreement between a contractor and an owner that outlines the responsibilities and obligations of both parties regarding a construction project. This form covers critical aspects such as the scope of work, work site specifications, necessary permits, soil conditions, insurance requirements, and procedures for changes to the project. One of the key features includes an option for a cost-plus pricing model, where the owner pays for the actual costs of materials plus a specified fee, or a fixed fee model. Additionally, the contract specifies penalties for late payments and includes a warranty for workmanship defects for up to one year. Users, including attorneys, partners, owners, associates, paralegals, and legal assistants, can benefit from this form as it provides a clear structure for managing construction projects, helps ensure compliance with local laws and regulations, and protects the interests of both parties throughout the building process.
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