Construction Contract Cost Plus With Guaranteed Maximum Price In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus With Guaranteed Maximum Price in San Diego is a legal document that outlines the terms and conditions for a construction project between a contractor and an owner. This form specifies the scope of work, the work site, and the responsibilities regarding permits, soil conditions, and insurance. A notable feature is the cost structure, which allows the owner to pay for the actual cost of materials plus an additional sum for the contractor's services. It also includes provisions for changes to the scope of work through written change orders, facilitating modifications during the project's execution. Additionally, the document stipulates conditions for late payments and sets a limited warranty on workmanship. It is designed to protect both parties and ensure clarity in financial obligations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, providing a clear framework for managing costs and responsibilities associated with construction agreements.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
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.
