Construction Contract Cost Plus With Gmp In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With GMP in Salt Lake outlines a binding agreement between a Contractor and an Owner for the construction of a specified project. Key features include detailed scopes of work, definition of work sites, and the stipulation that permits and regulatory approvals are the Contractor's responsibility. It acknowledges soil conditions, specifies insurance obligations, and mandates a boundary survey and title opinions before construction starts. The contract allows for changes to the project's scope through formal Change Orders, with additional costs noted as the Owner's responsibility. Payment terms detail either a cost-plus structure or a fixed fee. Furthermore, late payment penalties and limited warranties on workmanship provide additional protections. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing construction projects, ensuring compliance with local regulations, and clarifying financial obligations.
Free preview
Form popularity
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.
