New Mexico Agreement to Construct Public or Private Subdivision Improvements

• Category: New Mexico Construction - Contracts
• State: New Mexico
• Control #: NM-8000J
• Format: Word; Rich Text

Description

This agreement is made between a New Mexico city and a contractor who is subdividing property. The agreement provides for the contractor, at no cost to the city, to install publicand/or private improvements or to financially guarantee the construction of those improvements in accordance with the Site Development Plan. The New Mexico Agreement to Construct Public or Private Subdivision Improvements is a legally binding contract between the developer and the municipality (or other local government entity) in the state of New Mexico. It sets out the scope of work, timeline, and obligations of each party as it relates to the construction of public or private subdivision improvements. The agreement is typically executed prior to the commencement of construction of the improvements and is intended to ensure that the improvements are done in accordance with applicable laws and regulations. The New Mexico Agreement to Construct Public or Private Subdivision Improvements typically includes provisions regarding the scope of work, timeline, and payment obligations. It also specifies who will be responsible for any additional costs that may arise during the construction of the improvements, such as for materials or labor. Furthermore, it outlines the responsibilities of each party for ensuring the completion of the improvements in a timely manner, as well as the right of each party to terminate the agreement if it is not fulfilled. The types of New Mexico Agreement to Construct Public or Private Subdivision Improvements include: • General Improvement Agreement: This agreement is used for the construction of public or private subdivision improvements that are not part of a specific development project. • Special Improvement Agreement: This agreement is used for the construction of public or private subdivision improvements that are part of a specific development project. • Design-Build Agreement: This agreement is used for the construction of public or private subdivision improvements that are designed and built by a single contractor. • Cost-Plus Agreement: This agreement is used for the construction of public or private subdivision improvements where the contractor is paid based on the cost of materials and labor plus a fee.

The New Mexico Agreement to Construct Public or Private Subdivision Improvements is a legally binding contract between the developer and the municipality (or other local government entity) in the state of New Mexico. It sets out the scope of work, timeline, and obligations of each party as it relates to the construction of public or private subdivision improvements. The agreement is typically executed prior to the commencement of construction of the improvements and is intended to ensure that the improvements are done in accordance with applicable laws and regulations. The New Mexico Agreement to Construct Public or Private Subdivision Improvements typically includes provisions regarding the scope of work, timeline, and payment obligations. It also specifies who will be responsible for any additional costs that may arise during the construction of the improvements, such as for materials or labor. Furthermore, it outlines the responsibilities of each party for ensuring the completion of the improvements in a timely manner, as well as the right of each party to terminate the agreement if it is not fulfilled. The types of New Mexico Agreement to Construct Public or Private Subdivision Improvements include: • General Improvement Agreement: This agreement is used for the construction of public or private subdivision improvements that are not part of a specific development project. • Special Improvement Agreement: This agreement is used for the construction of public or private subdivision improvements that are part of a specific development project. • Design-Build Agreement: This agreement is used for the construction of public or private subdivision improvements that are designed and built by a single contractor. • Cost-Plus Agreement: This agreement is used for the construction of public or private subdivision improvements where the contractor is paid based on the cost of materials and labor plus a fee.