Construction Cost Contract Plus With Guaranteed Maximum Price In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus With Guaranteed Maximum Price in Riverside is a legal document between a contractor and an owner outlining the terms for the construction of a project. This contract specifies the scope of work, location, and required permits while establishing the contractor's responsibilities, including obtaining insurance and dealing with soil conditions. Owners can request changes to the scope of work through written change orders, which may impact costs. The contract provides two payment options: cost plus, where the owner pays for actual costs and a set fee, or a fixed fee, where the owner pays a predetermined amount. It also includes clauses on late payments and warranties for workmanship. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear framework for construction agreements, ensuring comply with local regulations, and minimizing conflicts during the construction process.
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FAQ
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.
