Construction Contract Cost Plus With Gmp In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with GMP in Santa Clara is a legally binding document that outlines the agreement between a contractor and an owner for a construction project. Key features include the scope of work, work site details, permitting responsibilities, insurance requirements, and conditions concerning soil and site conditions. The contract allows for changes in the scope of work through written change orders, ensuring clarity on any cost adjustments. It provides two payment options: a cost-plus model or a fixed fee basis, along with terms for late payments and warranties on workmanship. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction law, as it guides them in establishing clear agreements while protecting their rights and interests. Users should complete all sections with relevant information, ensuring compliance with local regulations and standards.
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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.
