EJCDC D-525 Agreement Between Owner & Design-Builder-Cost-Plus Basis (2016)
$80 Members | $160 Non-Members
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Description
D-525 Agreement Between Owner & Design-Builder-Cost-Plus Basis (2016)
Available for immediate download in MS Word format. Hard copy not available. Revised 2016.
EJCDC D-525 is the standard form of Owner/Design-Builder Agreement used when the project’s scope is sufficiently defined at the time the contract is signed to enter into a binding agreement on price, where the basis of compensation is cost-of-the-work plus a fee—either with or without a guaranteed maximum price (GMP). EJCDC D-525 addresses all elements typically seen in construction contracts, including identifying the parties, the design professional(s), contract price, contract times, basic payment terms, the design-builder’s representations, enumeration of the contract documents, and signatures of the parties. New in this edition of EJCDC D-525 is an exhibit that sets forth in detail the types of services and construction eligible for compensation.