Cost Plus Construction Contract With Guaranteed Maximum Price In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost plus construction contract with guaranteed maximum price in Tarrant is designed for construction projects where the contractor is compensated for actual project costs plus an agreed-upon fee, ensuring a maximum price to protect the owner from exceeding budget. Key features include the defined scope of work, responsibility for permits, and insurance requirements. The contract allows for changes in the scope of work through written Change Orders, ensuring that any cost adjustments are transparently managed. It specifies that soil conditions are the owner's responsibility and outlines the contractor's liability limitations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction law, as it provides a structured framework for agreements and clarifies the responsibilities of each party. Users can easily fill in the contract with specific project details, making it adaptable to various construction needs. The clear terms and conditions help minimize disputes while ensuring compliance with local regulations.
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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.
