Cost Plus Construction Contract With Gmp In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Construction Contract with GMP in Travis outlines the terms under which a contractor will provide construction services for a project specified by the owner. Key features include clear definitions of the scope of work, the work site, and the responsibilities of both parties, particularly regarding permits and soil conditions. The contractor is tasked with obtaining necessary permits and is protected from liability for soil-related issues. The payment structure is based on actual costs plus a specified fee, which provides flexibility for project expenses. Change orders are permitted but must be documented in writing, ensuring transparency in any modifications to the project scope. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a standardized, clear framework for construction agreements, reducing the risk of disputes and clarifying financial responsibilities. Users can fill in the specific contractor and owner details, project specifications, and payment amounts, making it adaptable for various construction projects while protecting their legal rights.
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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.
