Construction Cost Contract Plus With Gmp In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Travis is a formal agreement between a contractor and an owner for a construction project. It outlines the scope of work, site conditions, required permits, and insurance obligations. The contract specifies that the contractor is responsible for obtaining necessary permits and managing risks related to worker safety. Additionally, it allows the owner to request changes to the project scope through written change orders, which may incur extra costs. This contract features two payment structures: a cost-plus fee or a fixed fee, ensuring clarity on compensation. A provision for late payment details applicable charges, while a warranty section limits the contractor's liability to one year for workmanship defects. This contract is useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to managing construction projects, ensuring compliance with legal requirements and protecting the interests of all parties involved.
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.
