What does Gmax mean in construction?

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

What is the maximum contract value?

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

US Legal Forms
Forms Kit
Construction Contractor Forms
Multi-State
Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Cost Plus With Guaranteed Maximum Price In Queens

Q: What does Gmax mean in construction?

Maximum Contract Value means the amount specified in the &quot;Limitation of Expenditure&quot; clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

Q: What is the maximum contract value?

Maximum Contract Value means the amount specified in the &quot;Limitation of Expenditure&quot; clause set out in the Contract; and Minimum Contract Value means 10% of the Maximum Contract Value.

Category:

Construction - Contractors

State:

Multi-State

County:

Queens

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Queens is designed to facilitate a clear agreement between a Contractor and an Owner regarding the construction of a residential project. Key features of this form include a detailed scope of work, identification of the work site, permit responsibilities, and specific terms for handling soil conditions. The contract also outlines the insurance requirements, change order procedures, and payment options, including a cost-plus fee structure that guarantees the maximum price for the project. Filling this form involves clearly specifying the scope and details of the project, ensuring all parties' responsibilities are defined, and including any modifications in writing. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle construction agreements, as it provides a comprehensive framework for managing costs, minimizing disputes, and ensuring compliance with local regulations. Additionally, legal professionals can utilize this contract to advise clients effectively, ensuring that their interests are protected throughout the construction process.

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FAQ

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.

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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.

Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.

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.