Contract Cost Plus Agreement With Gmp In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The document is a Contract Cost Plus Agreement with GMP in San Diego, outlining the terms between the contractor and the owner for a construction project. It details the scope of work, work site location, and responsibilities regarding permits and soil conditions. Key features include provisions for insurance, requirement of a boundary survey, and procedures for changes to the scope of work through written change orders. Notably, it delineates payment terms under a cost plus or fixed fee structure, emphasizing the owner’s responsibility for any cost overruns. Additionally, it addresses consequences for late payments and includes a warranty clause on workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects in San Diego, as it provides a clear framework for managing costs, project scope, and legal obligations within construction contracts.
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FAQ
Disadvantages of GMP contracts Potential for disputes: While shared savings can be an advantage, it can also lead to disagreements over project management decisions, especially if there's a perception that savings are being prioritized over quality.
GMP, which stands for Good Manufacturing Practices, is a system that ensures that manufactured products—such as food, cosmetics, and pharmaceutical goods—are consistently produced and controlled ing to set quality standards.
