Construction Cost Contract Plus With Gmp In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Cost Contract Plus with GMP in Wake is a legal document that outlines the agreement between the Contractor and the Owner for construction services. This form includes key features such as a detailed scope of work, the definition of the worksite, and the requirements for permits and insurance. It specifies that the Contractor is not responsible for soil conditions and clarifies that any necessary changes to the project must be documented through written change orders. The compensation structure can be based on either a cost-plus or fixed fee arrangement, depending on the agreement of both parties. The form also addresses late payment penalties, warranty conditions, and conditions under which contractors can receive payments. This contract is essential for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clarity and structure to construction agreements, ensuring that all parties understand their responsibilities and rights. By using this contract, legal professionals can facilitate clear communication and minimize disputes in construction projects.
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