Home Fee Cost Plus Contract With Guaranteed Maximum In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Home fee cost plus contract with guaranteed maximum in Travis is a legal form designed for construction agreements between a contractor and an owner. This contract outlines the scope of work, specifying materials and labor needed to complete the project, along with the work site details. Key features include the contractor's responsibility for obtaining necessary permits and the owner’s obligation to cover expenses related to soil conditions and any change orders. The contract also sets forth payment terms based on actual costs plus a specified fee, with provisions for late payments and warranty limitations. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who need a clear and structured agreement to ensure accountability in construction projects. It allows for flexibility through change orders, while also protecting all parties involved. Filling and editing instructions emphasize capturing all necessary details clearly and maintaining transparency in costs and responsibilities.
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FAQ
Disadvantages of GMP contracts Potential for disputes: While shared savings can be an advantage, it can also lead to disagreements over project management decisions, especially if there's a perception that savings are being prioritized over quality.
10 Different Types of Contracts Type of ContractEveryday Use Implied Contracts Common in everyday transactions like dining out. Express Contracts Standard in formal business agreements. Simple Contracts Used for straightforward services or transactions. Unconscionable Contracts Often challenged in court for fairness.10 more rows •
