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The Contract Cost Plus Form Template with Drop Down Menu in New York is designed for construction contracts between a contractor and an owner. This template facilitates easy filling and editing, allowing users to select applicable options from a drop-down menu, streamlining the contract process. Key features include a comprehensive scope of work, payment terms structured as either cost-plus or fixed fee, and provisions for changes in scope through written change orders. It also addresses important elements such as permits, insurance, and late payment penalties. This form is particularly useful for attorneys, partners, and owners engaged in real estate development, providing legal clarity and protection. Paralegals and legal assistants can efficiently assist with the preparation of the document, ensuring compliance with local regulations. Overall, this template enhances the efficiency and effectiveness of construction project agreements.