Contract Cost Plus Agreement For Construction In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement for Construction in Bronx outlines the responsibilities and agreements between a Contractor and an Owner for constructing a residence as detailed in the plans and specifications. Key features of the form include a clear scope of work, site location, permit requirements, and liability issues, along with a detailed breakdown of costs associated with labor and materials. The agreement allows for adjustments through 'Change Orders' to accommodate any modifications to the project, with an emphasis on written documentation of any changes. Important sections cover risk management including insurance obligations and conditions regarding late payment and warranties on workmanship and materials. The form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured, legally sound framework for construction projects. It ensures clarity in contractual obligations, facilitates legal compliance, and serves as a reference for cost management, making it a vital tool in both legal and construction contexts.
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FAQ
Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
A legally enforceable contract must include an offer, acceptance, consideration, capacity, legality, and mutual assent.
To be legally enforceable, an agreement must contain all of the following criteria: An offer and acceptance; Certainty of terms; Consideration; An intention to create legal relations; Capacity of the parties; and, Legality of purpose.
