Construction Contract Cost Plus With Guaranteed Maximum Price In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With Guaranteed Maximum Price in Pima is designed to establish a clear understanding between the contractor and the owner regarding the scope, costs, and responsibilities associated with a construction project. This form outlines key features such as the scope of work, work site details, permits required, soil conditions, insurance obligations, and warranty provisions. It allows for changes to the project through formal change orders, ensuring both parties agree on additional costs. The primary compensation structure is the cost-plus model, which covers actual material costs plus a specified fee for the contractor’s services. It also includes stipulations for late payments and associated fees. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects as it provides a comprehensive framework for managing financial risks and clarifying contractual obligations. By utilizing this contract, parties can avoid disputes and ensure clear communication and accountability throughout the construction process.
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FAQ
Intelligent Transportation System (ITS) Construction Engineering Inspection is vital to the success of modern infrastructure projects. As technology continually improves, we find ways to incorporate computer systems into roadways, keeping drivers safer and more informed.
max, or impact testing, is a measurement of the shockattenuation of the playing surface. The test results for gmax are exhibited as a ratio of the acceleration/deceleration that happens during impact to the normal acceleration rate which comes as a result of gravity.
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.
