This form is designed for use between Commercial Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Georgia.
The Sandy Springs Georgia Commercial Contract for Contractor is a legal document that outlines the terms and conditions for engaging a contractor in commercial construction projects within the city of Sandy Springs, Georgia. This highly specific and detailed contract ensures all parties involved are fully aware of their rights, responsibilities, and obligations. Keywords: Sandy Springs Georgia, commercial contract, contractor, construction projects 1. General Provisions: This section sets forth the basic terms applicable to all Sandy Springs Georgia Commercial Contracts for Contractors. It includes details about the parties involved, the project description, scope of work, project schedule, and contract duration. Additionally, it outlines the procedures for resolving disputes and the governing law. 2. Payment Terms: This section specifies the agreed-upon compensation structure for the contractor's services. It covers the payment schedule, accepted payment methods, and any penalties for late or incomplete payments. 3. Insurance and Indemnification: Contractors are required to have adequate insurance coverage during the project. This section outlines the minimum insurance requirements, such as general liability coverage, workers' compensation, and builder's risk insurance. It also explains the contractor's obligation to indemnify the project owner against any claims arising out of the contractor's work. 4. Change Orders: In case there are any modifications or changes to the original project scope, this section provides guidelines for processing change orders. It includes the process for requesting changes, documenting approvals, adjusting project timelines, and addressing additional costs. 5. Performance and Quality Standards: This section outlines the required performance standards and quality of work expected from the contractor. It may include details about adherence to industry standards, safety regulations, environmental protocols, and acceptable workmanship. 6. Liens and Bonds: To protect the project owner from any encumbrances on the property, this section explains the contractor's responsibilities regarding mechanic's liens and payment bonds. It may outline the process for releasing liens and ensuring all subcontractors and suppliers are paid. Types of Sandy Springs Georgia Commercial Contracts for Contractors: 1. Lump Sum Contract: In a lump sum contract, the contractor agrees to complete the project for a fixed price, regardless of the actual costs incurred. This type of contract is commonly used for well-defined projects with clear specifications and minimal expected changes. 2. Cost-Plus Contract: With a cost-plus contract, the contractor is reimbursed for the actual costs incurred, including labor, materials, and overhead expenses, plus an agreed-upon percentage or fee as profit. This type of contract is suitable for projects where the scope or specifications may change over time. 3. Time and Material Contract: A time and material contract is based on the actual time spent and the materials used by the contractor. It provides maximum flexibility for the project owner to make changes during the construction phase. The contractor is compensated based on hourly rates and the cost of materials. Overall, the Sandy Springs Georgia Commercial Contract for Contractor serves as a comprehensive agreement, ensuring that all parties involved are protected and aware of their obligations in commercial construction projects in Sandy Springs, Georgia.The Sandy Springs Georgia Commercial Contract for Contractor is a legal document that outlines the terms and conditions for engaging a contractor in commercial construction projects within the city of Sandy Springs, Georgia. This highly specific and detailed contract ensures all parties involved are fully aware of their rights, responsibilities, and obligations. Keywords: Sandy Springs Georgia, commercial contract, contractor, construction projects 1. General Provisions: This section sets forth the basic terms applicable to all Sandy Springs Georgia Commercial Contracts for Contractors. It includes details about the parties involved, the project description, scope of work, project schedule, and contract duration. Additionally, it outlines the procedures for resolving disputes and the governing law. 2. Payment Terms: This section specifies the agreed-upon compensation structure for the contractor's services. It covers the payment schedule, accepted payment methods, and any penalties for late or incomplete payments. 3. Insurance and Indemnification: Contractors are required to have adequate insurance coverage during the project. This section outlines the minimum insurance requirements, such as general liability coverage, workers' compensation, and builder's risk insurance. It also explains the contractor's obligation to indemnify the project owner against any claims arising out of the contractor's work. 4. Change Orders: In case there are any modifications or changes to the original project scope, this section provides guidelines for processing change orders. It includes the process for requesting changes, documenting approvals, adjusting project timelines, and addressing additional costs. 5. Performance and Quality Standards: This section outlines the required performance standards and quality of work expected from the contractor. It may include details about adherence to industry standards, safety regulations, environmental protocols, and acceptable workmanship. 6. Liens and Bonds: To protect the project owner from any encumbrances on the property, this section explains the contractor's responsibilities regarding mechanic's liens and payment bonds. It may outline the process for releasing liens and ensuring all subcontractors and suppliers are paid. Types of Sandy Springs Georgia Commercial Contracts for Contractors: 1. Lump Sum Contract: In a lump sum contract, the contractor agrees to complete the project for a fixed price, regardless of the actual costs incurred. This type of contract is commonly used for well-defined projects with clear specifications and minimal expected changes. 2. Cost-Plus Contract: With a cost-plus contract, the contractor is reimbursed for the actual costs incurred, including labor, materials, and overhead expenses, plus an agreed-upon percentage or fee as profit. This type of contract is suitable for projects where the scope or specifications may change over time. 3. Time and Material Contract: A time and material contract is based on the actual time spent and the materials used by the contractor. It provides maximum flexibility for the project owner to make changes during the construction phase. The contractor is compensated based on hourly rates and the cost of materials. Overall, the Sandy Springs Georgia Commercial Contract for Contractor serves as a comprehensive agreement, ensuring that all parties involved are protected and aware of their obligations in commercial construction projects in Sandy Springs, Georgia.
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.
