Contract Cost Plus Form With Gmp In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form With GMP in Phoenix is a comprehensive legal document that lays out the agreement between a contractor and an owner for construction services. This form is particularly useful in situations where the project costs may fluctuate, as it allows the owner to pay the actual costs incurred by the contractor plus a guaranteed maximum price. Key features include a detailed scope of work, provisions for obtaining permits, insurance requirements, and stipulations for changes to the scope of work via written change orders. Users should fill in specifics like the project description and payment structure, while ensuring that all changes are documented formally. The form can serve various audiences: attorneys can utilize it for drafting and legal compliance; partners and owners will find it beneficial for ensuring partner accountability; associates can streamline project management; paralegals may assist in document preparation; and legal assistants can support administrative processes. Each party must carefully review the terms to ensure clarity and compliance, particularly regarding payment timeliness and warranty provisions.
Free preview
Form popularity
FAQ
Good Manufacturing Practices (GMP) and current Good Manufacturing Practices (cGMP) are, in most cases, interchangeable.
Unlike stipulated sum contracts, which hold contractors responsible for completing projects at fixed prices regardless of actual costs incurred, GMP contracts transfer this risk to the contractor by setting a limit on how much the customer will be charged.
