Cost Plus Construction Contract With Gmp In San Jose
Category:
State:
Multi-State
City:
San Jose
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with GMP in San Jose is designed to outline the responsibilities and agreements between a Contractor and an Owner for a construction project. Key features include defining the scope of work, the work site, and responsibilities regarding permits and soil conditions. The contract specifies insurance requirements and provides a mechanism for changes in project scope through written Change Orders. It also clearly states how Contractor fees are structured—either as actual costs plus a sum or as a fixed fee. This contract requires that payments are made timely, with provisions for late charges in case of default. It limits the Contractor's warranty on workmanship to one year and assigns material warranties to the Owner. This form is particularly useful for the target audience including attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in the drafting, review, or management of construction contracts. Its comprehensive structure supports clarity and helps mitigate risks for all parties involved.
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FAQ
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.
