Cost Plus Construction Contract With Guaranteed Maximum Price In Pima

• Category: Construction - Contractors
• State: Multi-State
• County: Pima
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Construction Contract with Guaranteed Maximum Price in Pima outlines the agreement between the contractor and owner for constructing a residential project. Key features include the scope of work, work site authorization, and responsibility for permits and soil conditions. This contract allows for changes to the work scope through written change orders, with costs to be covered by the owner. The contractor's fee structure can be based on actual costs plus a specified amount or a fixed fee. Payment terms include provisions for late fees and the contractor's warranty limited to one year for workmanship defects. The form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for managing construction projects and ensuring compliance with local regulations while minimizing disputes related to costs and responsibilities.