Construction Contract Cost Plus With Guaranteed Maximum Price In San Bernardino
Category:
State:
Multi-State
County:
San Bernardino
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in San Bernardino is designed for use between a contractor and an owner for residential projects. This contract outlines key elements such as the scope of work, work site, permits, soil conditions, insurance, and the process for changes to the project scope. Owners are required to authorize contractors to obtain necessary permits and respond to soil conditions that may incur additional costs. The contract structure allows for payments based on actual costs of materials plus a contractor fee or a fixed fee. It also includes stipulations for late payments, warranty limitations, and responsibilities regarding insurance. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it clarifies financial obligations and responsibilities, ensuring smoother communication and compliance throughout the construction process. With this contract, users can effectively manage project budgets while safeguarding their legal interests.
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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.
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.
