Cost Plus Construction Contract 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 Cost Plus Construction Contract with Guaranteed Maximum Price in San Jose is a legal document that outlines the agreement between a contractor and an owner regarding the construction of a project. This contract includes detailed sections such as the scope of work, work site specifics, permit acquisition responsibilities, and conditions regarding soil. Key features include a cost-plus fee structure where the owner pays the actual cost of materials plus an agreed-upon fee, ensuring clarity on potential costs. It also stipulates that changes to the scope of work must be documented through written change orders. The contractor’s insurance responsibilities and warranty limitations are clearly defined, providing protection for both parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it ensures that all legal requirements are met while enabling clear communication of project details. Users can easily fill in specific information regarding project scope, payments, and site conditions, making it a practical tool in construction law.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
