Guam Contrato Básico de Construcción - Basic Construction Contract

• Category: Contratos - Contratistas - Subcontratistas
• State: Multi-State
• Control #: US-02298BG
• Format: Word

Description

Basic Construction Contract Guam Basic Construction Contract, also known as a construction agreement or construction contract, is a legally binding document that outlines the terms and conditions between a contractor and client for the completion of a construction project in Guam. This contract serves as a blueprint for the entire construction process and ensures that both parties involved are on the same page regarding project specifications, timelines, payment terms, and other important factors. Keywords: 1. Guam: This refers to the location of the construction project and indicates that the contract is specific to Guam's legal jurisdiction and regulations. 2. Basic Construction Contract: Denotes a standard and essential agreement that governs the construction process. 3. Legally binding: Highlights the contract's enforceability and emphasizes the importance of adhering to its terms and conditions. 4. Contractor: Represents the party responsible for overseeing and executing the construction work. 5. Client: Refers to the individual or organization that hires the contractor and has ownership or control over the construction project. 6. Terms and conditions: Covers the various agreements, rules, and provisions that both parties must abide by throughout the duration of the project. 7. Construction project: Describes the specific undertaking that the contract pertains to, such as building a residential or commercial structure, infrastructure development, or renovation. 8. Specifications: Outlines the desired quality, design, materials, and other technical aspects related to the construction. 9. Timelines: Refers to the project's schedule, including start and completion dates, milestones, and any associated deadlines. 10. Payment terms: Details the agreed-upon compensation for the contractor's services and how and when payments will be made. Types of Guam Basic Construction Contracts: 1. Lump Sum Contract: In this type of contract, the contractor agrees to complete the construction project for a fixed, predetermined price. 2. Cost Plus Contract: This contract model reimburses the contractor for all necessary expenses incurred during construction, with an additional fee or percentage for-profit. 3. Time and Material Contract: This type of contract includes billing based on the actual time spent on the project, along with the cost of materials used. 4. Unit Price Contract: In this contract, the payment is determined based on a specific unit price, such as per square foot or per unit. 5. Design-Build Contract: This comprehensive contract involves a single entity responsible for both design and construction aspects of the project, offering clients a streamlined process. It is essential to consult a legal professional or refer to specific Guam construction laws to understand the requirements and nuances associated with Guam Basic Construction Contracts.

Guam Basic Construction Contract, also known as a construction agreement or construction contract, is a legally binding document that outlines the terms and conditions between a contractor and client for the completion of a construction project in Guam. This contract serves as a blueprint for the entire construction process and ensures that both parties involved are on the same page regarding project specifications, timelines, payment terms, and other important factors. Keywords: 1. Guam: This refers to the location of the construction project and indicates that the contract is specific to Guam's legal jurisdiction and regulations. 2. Basic Construction Contract: Denotes a standard and essential agreement that governs the construction process. 3. Legally binding: Highlights the contract's enforceability and emphasizes the importance of adhering to its terms and conditions. 4. Contractor: Represents the party responsible for overseeing and executing the construction work. 5. Client: Refers to the individual or organization that hires the contractor and has ownership or control over the construction project. 6. Terms and conditions: Covers the various agreements, rules, and provisions that both parties must abide by throughout the duration of the project. 7. Construction project: Describes the specific undertaking that the contract pertains to, such as building a residential or commercial structure, infrastructure development, or renovation. 8. Specifications: Outlines the desired quality, design, materials, and other technical aspects related to the construction. 9. Timelines: Refers to the project's schedule, including start and completion dates, milestones, and any associated deadlines. 10. Payment terms: Details the agreed-upon compensation for the contractor's services and how and when payments will be made. Types of Guam Basic Construction Contracts: 1. Lump Sum Contract: In this type of contract, the contractor agrees to complete the construction project for a fixed, predetermined price. 2. Cost Plus Contract: This contract model reimburses the contractor for all necessary expenses incurred during construction, with an additional fee or percentage for-profit. 3. Time and Material Contract: This type of contract includes billing based on the actual time spent on the project, along with the cost of materials used. 4. Unit Price Contract: In this contract, the payment is determined based on a specific unit price, such as per square foot or per unit. 5. Design-Build Contract: This comprehensive contract involves a single entity responsible for both design and construction aspects of the project, offering clients a streamlined process. It is essential to consult a legal professional or refer to specific Guam construction laws to understand the requirements and nuances associated with Guam Basic Construction Contracts.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.