Construction Contract Cost Plus With Guaranteed Maximum Price In San Jose
Category:
State:
Multi-State
City:
San Jose
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in San Jose is a legal form that outlines the agreement between a contractor and an owner concerning a construction project. This contract specifies that the owner will pay the contractor the actual cost of materials along with an agreed sum for services, providing a clear financial framework. Key features include a detailed scope of work, the work site description, permitting responsibilities, and provisions for soil conditions. The contract allows for changes to the original scope through written change orders, ensuring that both parties agree on any modifications and costs. Additionally, it addresses payment terms, late payment penalties, and warranties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for managing construction projects, reducing legal disputes, and ensuring compliance with local regulations. It aids in setting expectations, protecting stakeholders, and facilitating communication throughout the project lifecycle.
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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.
