Cost Plus Construction Contract With Gmp In San Antonio
Category:
State:
Multi-State
City:
San Antonio
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with GMP in San Antonio is a formal agreement between a contractor and an owner, outlining the terms for construction work. This contract is particularly beneficial as it allows the owner to pay for actual construction costs plus a guaranteed maximum price (GMP), providing a cap on expenses. Key features of the form include detailed sections on scope of work, work site details, necessary permits, insurance requirements, and a clear process for changes to the scope of work through written change orders. This structure ensures both parties are protected and responsibilities are delineated. Filling and editing instructions emphasize the importance of providing accurate project specifics and adjustments, which should be documented to avoid future disputes. The form is suitable for a range of target audiences including attorneys who may advise clients on contract negotiations, partners and owners managing construction projects, associates and paralegals assisting with documentation, as well as legal assistants ensuring compliance with local regulations. Ultimately, this contract serves as a crucial tool in facilitating transparent and well-structured construction projects in San Antonio.
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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.
