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Construction Contract for Home - Fixed Fee or Cost Plus

Cost Plus Construction Contract With Guaranteed Maximum Price In Phoenix

Category:

Construction - Contractors

State:

Multi-State

City:

Phoenix

Control #:

US-00462

Format:

Instant download

Description

The Cost Plus Construction Contract With Guaranteed Maximum Price in Phoenix outlines a legal agreement between a Contractor and an Owner for a construction project. This contract specifies the scope of work, detailing the responsibilities of both parties and the project location. Key features include provisions for permits, insurance requirements, and management of soil conditions. The contract emphasizes that any changes to the scope must be documented via a written change order, allowing for flexibility in project adjustments at the Owner's expense. A critical aspect is the contractor's fee structure, which can be based on actual costs plus a set amount, ensuring a guaranteed maximum price. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a clear framework for construction projects while protecting the interests of all parties involved. It promotes transparency in costs and responsibilities, reducing potential disputes. The formatting allows for easy filling and editing, making it accessible for users with varying levels of legal experience.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

One of the biggest benefits of the Construction Manager-at-Risk (CM-R) delivery method is the development of a working partnership between the Owner, design team, and contractor. Typically, with the CM-R process, the contractor will be hired during the design phase shortly after an architect has been selected.

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.