Cost Plus Contract In Building In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00462
Format:
Word;
Rich Text
Instant download
Description
The Cost Plus Contract in Building in Queens is a legal form that outlines the agreement between a contractor and an owner regarding the construction of a residence. This contract specifies the scope of work, permits required, soil conditions, and insurance responsibilities. One of the key features of this contract is its cost plus fee structure, where the owner agrees to pay the actual costs of materials plus an additional specified fee for the contractor's services. It also includes provisions for handling changes in the scope of work through written change orders, along with stipulations regarding late payments and warranties. This form is essential for ensuring clarity and accountability in construction projects. It serves various users, including attorneys who need to create formal agreements, partners and owners who oversee project execution, associates and paralegals who assist in documentation, and legal assistants responsible for maintaining compliance. The document's structured format and clear instructions promote effective communication and understanding of each party's obligations.
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FAQ
Protect Yourself when Working with Custom Home Builders Only work with a licensed contractor. Get the contract in writing. Avoid “lump sum” bids. Talk to several contractors. Tie payments to deliverables. Get proof of payment to suppliers.
