Construction Cost Plus With Cost-plus Pricing In New York
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Description
The Construction Contract form outlines the agreement between a Contractor and an Owner for a construction project in New York, utilizing cost-plus pricing. Key features include a detailed scope of work, requirements for permits, and a clause addressing soil conditions, emphasizing the Owner's responsibility in such matters. The contract specifies insurance obligations for the Contractor and the necessity for changes to project scope to be documented through written Change Orders. In terms of payment, the Owner agrees to cover the actual costs of materials along with an additional fee for the Contractor’s services, ensuring transparency in cost estimation. The form includes clauses about late payment, default fees, and warranty limitations. This form is particularly useful for attorneys, partners, and paralegals when drafting and reviewing construction contracts, enabling them to protect their clients’ interests. Legal assistants might leverage this form for record-keeping and project tracking, ensuring compliance with local construction regulations. Overall, the form serves as a comprehensive tool for managing construction projects within the legal framework of New York.
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