Cost Plus Construction Contract With Guaranteed Maximum Price 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 Guaranteed Maximum Price in San Antonio is designed for construction projects where costs may fluctuate. This contract allows the contractor to charge for the actual costs of materials and labor, with a predetermined maximum price to protect the owner from overruns. Key features include a clearly outlined scope of work, the requirement for permits, and provisions for changes to project plans via written change orders. The contract also details responsibilities regarding insurance and the management of soil conditions. It includes a payment structure for both cost plus and fixed fee arrangements, along with penalties for late payments. Users should fill out specific sections, including the project details and payment terms. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in construction law, enabling them to ensure clarity and protect the interests of all parties involved in a construction project.
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FAQ
Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
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.
