Construction Cost Contract Plus With Gmp In Tarrant

• Category: Construction - Contractors
• State: Multi-State
• County: Tarrant
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Cost Contract Plus with GMP in Tarrant is a detailed agreement between a Contractor and an Owner, laying out the expectations and responsibilities for a construction project. This form defines the scope of work, specifies the work site, and clarifies permit requirements, ensuring legal compliance throughout the construction process. Key features include contractor obligations for insurance, soil condition disclaimers, and conditions for making changes to the project scope through documented change orders. The contract allows for flexible payment structures, including cost plus and fixed fees, and establishes late payment penalties to encourage timely payment. The warranty section limits the contractor's liabilities to one year for defects in workmanship, which helps protect against future claims. This form is particularly useful for a diverse audience, including attorneys who need a reliable construction contract template, partners and owners involved in real estate development, and associates or paralegals who support these roles in drafting and managing contracts. Legal assistants may also benefit from understanding the structure and key components as they prepare documentation for construction projects.