Cost Plus Construction Contract 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 Cost Plus Construction Contract with Guaranteed Maximum Price in San Diego is designed for construction projects where the Owner pays for the actual costs incurred by the Contractor plus a fee. This contract outlines the scope of work, work site specifications, and obligations of both parties, ensuring clarity in responsibilities and project management. Key features include provisions for permits, changes in scope via Change Orders, and a defined fee structure, either based on actual costs or a fixed amount. The form also addresses late payments, default penalties, and a warranty on workmanship, limiting liability for defects to one year. This contract is crucial for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who need a clear framework to navigate cost management and legal obligations in construction projects. It allows for flexibility in project scope while protecting both parties through specified terms and conditions. Filling and editing instructions emphasize clarity, requiring detailed descriptions in specified sections and ensuring any changes are documented through formal processes.
Free preview
Form popularity
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.
