This form is designed for use between Framing 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 New Hampshire.
Contract Framing Builders Form
Category:
State:
New Hampshire
Control #:
NH-00462-2
Format:
Word;
Rich Text
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Three Common Construction ContractsFIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts.COST PLUS.GUARANTEED MAXIMUM PRICE.
Construction Contract Documents are the written documents that define the roles, responsibilities, and Work under the construction Contract, and are legally-binding on the parties (Owner and Contractor).
Elements of a Construction ContractName of contractor and contact information.Name of homeowner and contact information.Describe property in legal terms.List attachments to the contract.The cost.Failure of homeowner to obtain financing.Description of the work and the completion date.Right to stop the project.More items...
What Should Be in a Construction Contract?Identifying/Contact Information.Title and Description of the Project.Projected Timeline and Completion Date.Cost Estimate and Payment Schedule.Stop-Work Clause and Stop-Payment Clause.Act of God Clause.Change Order Agreement.Warranty.More items...
The 4 Different Types of Construction ContractsLump Sum Contract. A lump sum contract sets one determined price for all work done for the project.Unit Price Contract.Cost Plus Contract.Time and Materials Contract.
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The Contract Documents form the Contract for Construction. The. To fully protect your rights, the contract terms should be complete, specific, and easy to understand.Commonly Disputed Issues in Construction Contracts. The City of New York has issued a new Standard Construction Contract. Complete Rough Framing1 of 3Complete Rough Framing. 3. Builders have their own in-house contracts they use rather than using the Colorado approved forms, which were designed to handle resale transactions. The standard form agreements all assume change orders will be written documents. Aside from the construction work itself, creating the contract is one of the most important parts of the project. Formal bids must be received sealed – Formal bids must be received sealed and in paper form.