Cost Plus Construction Contract With Guaranteed Maximum Price In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with Guaranteed Maximum Price in Santa Clara is a comprehensive agreement that outlines the responsibilities and expectations between the Contractor and the Owner for a construction project. Key features include a clearly defined scope of work, the establishment of the work site, and the requirement for permits and necessary insurance. The contract permits the Owner to make changes to the scope of work through written Change Orders, resulting in adjustments to the project cost. One of the highlights is the payment structure, where the Owner agrees to pay the Contractor for the actual cost of materials plus a stipulated fee, ensuring a maximum price limit. It emphasizes the condition of soil at the work site, the Owner’s responsibility for additional site work, and a warranty on workmanship for one year. This document is particularly useful for attorneys, partners, and owners involved in construction to ensure compliance with local regulations and to protect their interests. Paralegals and legal assistants can utilize this form to facilitate contract management and adherence to legal standards.
Free preview
Form popularity
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.
