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Construction Contract for Home - Fixed Fee or Cost Plus

Construction Contract Cost Plus With Guaranteed Maximum Price In Washington

Q: What is the maximum allowable construction area?

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.

Category:

Construction - Contractors

State:

Multi-State

Control #:

US-00462

Format:

Instant download

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.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

The GMP Budget is the amount the Trustees have budgeted for the construction Contract. The award of a construction contract is contingent upon receiving an actual GMP within the GMP Budget.

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.