Cost Plus Construction Contract With Gmp In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with GMP in Salt Lake outlines the agreement between a contractor and owner for a construction project, emphasizing that the owner will pay the contractor the actual cost of materials plus a predetermined fee. This form includes detailed sections covering the scope of work, work site, permits, soil conditions, insurance requirements, and changes to the project scope. Key features include the provisions for handling unforeseen soil conditions, the application for necessary permits, and the process for modifying the scope of work through written change orders. Filling and editing instructions include specifying project details, payment arrangements, and ensuring that all modifications are documented in the specified format. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction contracts, as it provides a clear framework for contract execution and allows users to manage potential risks associated with construction projects efficiently. Specific use cases include residential construction projects and renovations in Salt Lake, where understanding local regulations and insurance requirements is essential.
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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.
