Construction Contract Cost Plus With Gmp In Washington
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Description
The Construction Contract Cost Plus with GMP in Washington outlines an agreement between a contractor and owner for a construction project. Key features include a detailed scope of work, specifications for the work site, and requirements for permits. The contract allows for adjustments in the scope of work through written change orders, emphasizing collaboration between the parties. The payment structure can be based on the actual costs incurred by the contractor, along with an additional fee, or a fixed fee arrangement, providing flexibility. It also lays out responsibilities related to insurance, soil conditions, and the provision of a boundary survey prior to construction. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it helps establish clear expectations and liabilities, facilitates communication regarding changes, and ensures legal compliance during the construction process.
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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.
Series A O/C Agreements. B O/A Agreements. C Other Agreements. D Miscellaneous. E Exhibits. F Facility Management. G Forms.
