Contract Cost Plus Form With Gmp In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Form with GMP in Sacramento is a crucial document designed for construction projects where costs can vary. This contract outlines the responsibilities of both the contractor and the owner, emphasizing the scope of work, site location, permits, and soil conditions. Key features include a clear specification of contractor fees, which can either be cost-plus or fixed fee, and provisions for changes to the scope of work through written Change Orders. It also addresses insurance requirements and provides guidelines for handling late payments and warranties. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a comprehensive framework to ensure project accountability and compliance with local regulations. It is particularly useful in negotiating costs and managing potential disputes related to project changes or cost overruns, guiding users through the procedure for documentation and necessary permissions in the construction process.
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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.
Good Manufacturing Practices (GMP) and current Good Manufacturing Practices (cGMP) are, in most cases, interchangeable.
