Home Fee Cost Plus Contract With Contractor In New York

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

Description

The Home fee cost plus contract with contractor in New York outlines the agreement between a contractor and an owner for construction services. This contract specifies the scope of work, including labor and materials to construct a residence as per the owner's plans and specifications. It requires the contractor to obtain necessary permits and addresses soil conditions and insurance responsibilities. The contract also includes terms for changes to the scope of work through written change orders, with the owner agreeing to absorb any additional costs. A key feature is that the contractor is compensated based on the actual cost of materials plus a specified fee, or alternatively, a fixed fee can be established. Late payment terms are included, with a late charge applied after ten days of non-payment. The contractor offers a limited warranty for defects in workmanship for one year while assigning material warranties to the owner. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for construction agreements, ensuring compliance with local regulations and protecting the interests of both parties involved.