Construction Contract Cost Plus With Guaranteed Maximum Price In San Antonio
Category:
State:
Multi-State
City:
San Antonio
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Construction Contract Cost Plus with Guaranteed Maximum Price in San Antonio is a legal document outlining the agreement between the Contractor and Owner for the construction of a residential project. This contract includes essential sections on the scope of work, work site, permits, and soil conditions, ensuring clear expectations for both parties. A key feature is the payment structure, which allows the Owner to pay the actual cost of materials plus an additional fee, while also offering a guaranteed maximum price to protect against unexpected costs. The form emphasizes the need for written change orders for any modifications to the project and outlines late payment penalties. Useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants, this form simplifies the construction contract process, provides clarity on responsibilities, and helps manage financial risks associated with construction projects.
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FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
