Construction Contract Cost Plus With Guaranteed Maximum Price In Utah
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The Construction Contract for cost plus with guaranteed maximum price in Utah outlines the obligations of the Contractor and the Owner for a construction project. Key features include detailed sections on the scope of work, work site, permits, soil conditions, insurance requirements, and processes for changes to the scope of work. The contract stipulates a cost plus payment structure, where the Owner agrees to pay actual costs incurred for materials, plus a specified fee for Contractor services. It also includes provisions for late payment and warranty limitations. This form is vital for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it clearly defines responsibilities and financial agreements in construction projects. It enables legal professionals to facilitate negotiations and ensure compliance with relevant construction regulations. Users should fill out the sections carefully, including specific payment terms and project details, to avoid ambiguity and future disputes.
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Maximum Allowable Construction Area (MACA) “ the combined total of the Maximum Allowable PSO and the Maximum Allowable ISA. Maximum Allowable Unpaved Surface Area (USA) “ portion of the lot that shall remain unpaved and reserved for softscaping/planting.
