Construction Cost Contract Plus With Gmp In San Bernardino

• Category: Construction - Contractors
• State: Multi-State
• County: San Bernardino
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Cost Contract Plus with GMP in San Bernardino is a legally binding agreement between a Contractor and an Owner for the construction of a specified project. This contract outlines the scope of work, including labor and materials required, as well as the work site location. Key features include the responsibility for obtaining permits, assessing soil conditions, and maintaining necessary insurance. A significant aspect of this contract is its flexible pricing structure, where the Owner can choose between a cost-plus model or a fixed fee payment structure. The form includes provisions for change orders, detailing how modifications to the project scope should be documented and paid for. It also stipulates the conditions for late payments and the limitations of the Contractor's warranty. This contract is essential for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants, as it ensures clear legal expectations and responsibilities in construction projects and helps prevent disputes through structured guidelines.