Construction Cost Contract Plus With Gmp In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Pima is a comprehensive agreement between the Contractor and Owner detailing the terms for a construction project. Key features include a clearly defined scope of work and work site, the obligation for the Contractor to obtain necessary permits, and responsibilities concerning soil conditions. The contract allows for changes to the scope of work through written Change Orders and outlines how contractor fees are structured, either as cost plus or fixed fee. In terms of utility, this form is essential for various legal professionals, including attorneys and paralegals, who require clarity on contractor obligations and payment structures. Owners benefit from the protections and guarantees regarding workmanship, while associates and legal assistants can utilize the form to understand contract execution and compliance aspects. The guidelines for late payment and warranty provisions also support the enforcement of contractual rights, making this form valuable for all parties involved in a construction project.
Free preview
Form popularity
FAQ
Disadvantages of GMP contracts Potential for disputes: While shared savings can be an advantage, it can also lead to disagreements over project management decisions, especially if there's a perception that savings are being prioritized over quality.
