Contract Cost Plus Agreement For Construction In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Contract Cost Plus Agreement for Construction in Queens is a legal document that establishes the terms of engagement between a contractor and the owner for construction projects. It outlines the contractor's responsibilities, including the scope of work, permits, and site conditions, emphasizing the owner's obligation to cover additional costs related to unforeseen soil conditions. Key features include a clear breakdown of payment structures, with options for cost-plus or fixed fee arrangements, ensuring transparency in billing. Additionally, the form requires documentation such as a boundary survey and title opinion from the owner before construction begins. The agreement allows for modifications through written change orders, accommodating any changes requested by the owner during the project. It's essential for attorneys, partners, owners, associates, paralegals, and legal assistants who are engaged in construction law or real estate transactions to understand its clauses, as it helps protect their interests and clarifies financial responsibilities. This form also emphasizes insurance requirements, assuring that both parties are covered in case of any liability issues during the project.
Free preview
Form popularity
FAQ
Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and “Minimum Contract Value “means 10% of the Maximum Contract Value.
