Cost Plus Fee Contract Example In New York
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Description
The Cost Plus Fee Contract Example in New York is a construction agreement designed to define the obligations of the contractor and owner regarding a project. This form details the scope of work, the work site, the necessary permits, and insurance requirements, ensuring all parties are clear on their responsibilities. A unique feature of this contract is the 'Cost Plus' pricing model, where the owner reimburses the contractor for all actual costs of materials plus an additional fee for services. This contract allows for changes in scope through written change orders, providing flexibility throughout the construction process. Key filling instructions include accurately describing the project scope and specifying the contractor's fees. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it clarifies legal obligations and financial commitments, aiding in risk management during construction projects.
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