Construction Contract Cost Plus With Guaranteed Maximum Price In Washington

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Construction Contract Cost Plus with Guaranteed Maximum Price in Washington is a legal document that establishes the relationship between the Contractor and the Owner for a construction project. It outlines the scope of work, including detailed work site information and required permits, ensuring clarity and mutual understanding. Notable features include provisions for soil conditions, insurance requirements, and the process for making changes to the scope of work, which must be documented through written Change Orders. The contract allows the Owner to pay the Contractor based on actual costs plus an agreed sum, providing flexibility while also protecting the Owner against unanticipated expenses. Furthermore, it includes clauses on late payment penalties and warranties, which offer protection for both parties regarding workmanship and material defects. This contract serves important use cases for legal professionals and business stakeholders involved in construction projects, ensuring compliance with local regulations while clearly delineating responsibilities and liabilities. Target audiences such as Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants can utilize this document to facilitate smooth project management and dispute resolution.