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Construction Contract for Home - Fixed Fee or Cost Plus

Types Of Construction Contracts Cost Plus In Queens

Q: What type of contract is GCC?

(f) GCC means the General Conditions of Contract. (g) Goods means all of the commodities, raw material, machinery and equipment, and/or other materials that the Supplier is required to supply to the Purchaser under the Contract.

Q: What is the difference between gcc and scc in contracts?

GCC means the General Conditions of Contract contained in this section. SCC means the Special Conditions of Contract. The Purchaser means the organization purchasing the Goods, as named in SCC. The Supplier means the individual or firm supplying the Goods and Services under this Contract and named in SCC.

Category:

Construction - Contractors

State:

Multi-State

County:

Queens

Control #:

US-00462

Format:

Instant download

Description

The Construction Contract outlines the agreement between a Contractor and an Owner for construction services, specifically focusing on the cost-plus type of contract in Queens. This contract details the scope of work, including the materials and labor required to complete the project, and emphasizes the importance of legally binding specifications and plans. Key features include the identification of the work site, necessary permits, and the acknowledgment that soil conditions are the Owner's responsibility. Insurance coverage, including general liability and workers' compensation, is mandated for the Contractor. A significant aspect is the provision for changes in the scope of work, which must be documented through written change orders, affecting the total project cost. The contract stipulates the payment structure under a cost-plus agreement, where the Owner pays the Contractor's actual costs plus a predetermined fee. Provisions for late payments and warranties are also included. This form is particularly valuable for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who require a clear and structured agreement to facilitate construction projects while protecting their legal and financial interests.

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FAQ

(f) “GCC” means the General Conditions of Contract. (g) “Goods” means all of the commodities, raw material, machinery and equipment, and/or other materials that the Supplier is required to supply to the Purchaser under the Contract.

Although both standards forms are not limited in its application in the industry, it is widely accepted by most built-environment professionals that the JBCC contracts are better suited for building construction projects whereas GCC contracts are purportedly better suited to be used in civil engineering and ...

The GCC is typically used in civil engineering works, however it is important to note that the GCC is suitable for use in civil as well as building works. Secondly, the FIDIC Red Book is the recommended agreement for use in building works and the FIDIC Yellow book can be utilised for civil engineering works.

GCC” means the General Conditions of Contract contained in this section. “SCC” means the Special Conditions of Contract. “The Purchaser” means the organization purchasing the Goods, as named in SCC. “The Supplier” means the individual or firm supplying the Goods and Services under this Contract and named in SCC.

It is probably fair to say that FIDIC focuses on liabilities and risk in the manner of traditional contracts whereas NEC requires and enables a more proactive and collaborative approach to managing the contract (such as found in the early warning and programme provisions).

Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •

At a greater level of detail, JCT provides a number of subjective tests for determining if certain events give grounds for recompense to the contractor, whereas NEC generally relies on more objective tests.