Home Fee Cost Plus Contract For Construction In New York
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Description
The Home Fee Cost Plus Contract for Construction in New York is a legally binding agreement between a contractor and an owner, detailing the scope of work for constructing a residence. Key features include an outline of the project specifications, work site details, and the contractor's responsibility to obtain necessary permits. Importantly, the contract allows for adjustments in the project scope through written change orders, with a clear process for cost increases. The fee structure can be based on actual costs plus a set fee or a fixed fee. It addresses late payment penalties and sets warranty limits on workmanship. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in residential construction projects, providing a structured framework to manage construction obligations and financial terms. Fill-in-the-blank fields allow for customization to specific projects. Legal professionals can utilize this form to ensure compliance with state regulations and to aid clients in understanding their rights and responsibilities.
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FAQ
New York state law requires a contractor to provide a written contract for home improvement work. The contract should include a timeline for work to be completed, a payment schedule and as many specifics as possible about the project, such as types or brands of materials.
