Cost Plus Contract In Building In New York

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Contract in Building in New York is designed to outline the agreement between a Contractor and an Owner for a construction project. This form facilitates a cost-plus arrangement wherein the Owner agrees to pay the Contractor the actual costs of materials plus a specific fee for services rendered. Key features include detailed sections on the scope of work, work site location, responsibility for permits, and expected soil conditions at the work site. The form explicitly states that any changes to the project must be documented through written Change Orders, allowing for flexibility in project specifications. Filling out the contract involves specifying financial arrangements, including the Contractor's fee structure, which can be based on actual costs incurred. The form is integral for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it provides a legal framework that protects both parties' interests while clarifying financial responsibilities and project expectations. Users can easily navigate the form, ensuring compliance with local regulations and reducing disputes by having a clear and comprehensive agreement.