Cost Plus Construction Contract With Gmp In San Jose

• Category: Construction - Contractors
• State: Multi-State
• City: San Jose
• Control #: US-00462
• Format: Word; Rich Text

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.