Cost Plus Construction Contract With Guaranteed Maximum Price 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 Guaranteed Maximum Price in Salt Lake is a legal document that outlines the terms between a Contractor and an Owner for a construction project. Key features of this form include a detailed scope of work, site location, permit responsibilities, and provisions regarding soil conditions. It specifies the Contractor's fee structure, allowing for either a cost-plus model or a fixed fee, ensuring budget clarity with a guaranteed maximum price. Users must fill in specific fields such as the Contractor's and Owner's names, project details, and payment amounts. It also provides for changes in scope via written change orders, outlining the associated costs. This contract is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it reduces legal ambiguities, facilitates clear communication regarding project costs, and outlines responsibilities regarding insurance and defects. Users should approach this form with attention to detail, ensuring all specifications and agreements are effectively documented for smooth project execution.
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FAQ
AS 4000 is a standard form contract which is widely used in the construction industry. The risk allocation between the parties in the contract is therefore well understood. The current revision of AS 4000 has been conducted by a committee of industry representatives and experts.
