Cost Plus Construction Contract Example In New York
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Description
The Cost Plus Construction Contract example in New York outlines the agreement between a Contractor and an Owner for the construction of a residential project. Key features include a defined scope of work, requirements for permits, and the management of soil conditions. An important aspect is the Cost Plus payment structure, where the Owner agrees to pay the actual costs incurred plus an additional fee for the Contractor's services. The contract stipulates that any changes to the work must be documented through written change orders, and additional costs incurred through modifications are the responsibility of the Owner. To ensure compliance and project success, it emphasizes the need for insurance and proper documentation, such as boundary surveys. This form is useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it standardizes agreements, outlines responsibilities, and provides legal protection for both parties involved in construction projects.
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