Contract Cost Plus Agreement With Gmp In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement with GMP in Phoenix outlines the terms between a Contractor and Owner for constructing a residence. This document includes key features such as a detailed scope of work, site specifications, and responsibilities regarding permits and insurance. Users can edit sections to reflect specific project details and costs. The agreement emphasizes the contractor's non-responsibility for soil conditions and stipulates that any changes to the project must be documented through written Change Orders. Payment terms include a cost-plus structure, which allows the owner to pay for actual costs, plus an additional fee for services. The form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, enabling them to ensure compliance and manage contract specifics effectively.
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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.
