Construction Cost Contract Plus With Gmp In Washington
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The Construction Cost Contract Plus with GMP in Washington is a legally binding document that outlines the terms between a contractor and owner for constructing a project. It details the scope of work, location of the project, requirements for permits, and stipulates that the contractor is not liable for soil conditions. This contract structure includes essential elements such as insurance obligations, a boundary survey requirement, and provisions for change orders that allow the owner to modify project specifications. The payment section offers flexibility with the option for a cost-plus fee or a fixed fee structure. Late payment penalties and warranty information for workmanship are also clearly stated. This form serves as a useful tool for attorneys, partners, owners, associates, paralegals, and legal assistants involved in construction projects, providing clarity and legal protection throughout the construction process.
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How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
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.
Series A O/C Agreements. B O/A Agreements. C Other Agreements. D Miscellaneous. E Exhibits. F Facility Management. G Forms.
