New York Acuerdo General de Construcción entre el Propietario y el Contratista - General Construction Agreement between Property Owner and Contractor

• Category: Construcción - Generales
• State: Multi-State
• Control #: US-13248BG
• Format: Word

Description

A Construction Agreement is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors New York General Construction Agreement between Property Owner and Contractor is a legal document that outlines the terms and conditions of construction projects undertaken by contractors on properties owned by individuals or entities in the state of New York. This comprehensive agreement serves as a guide to ensure a smooth and mutually beneficial working relationship between the property owner (referred to as "Owner" in the agreement) and the contractor (referred to as "Contractor" in the agreement). The New York General Construction Agreement typically includes the following key components: 1. Project Scope: This section clearly defines the nature and extent of the construction project, including detailed plans, specifications, and architectural drawings. It outlines the goals, objectives, and deliverables expected from the Contractor. 2. Duration: This section provides an estimated timeline for the completion of the construction project. It includes the commencement date, interim milestones, completion date, and any time extensions that may be granted due to unforeseen circumstances or changes in project scope. 3. Payment Terms: This section outlines the agreed-upon compensation structure for the Contractor's services. It includes the total project cost, payment schedule, invoicing details, and any provisions for additional costs or change orders. 4. Responsibilities and Obligations: This section delineates the roles, responsibilities, and obligations of both the Owner and Contractor. It covers areas such as permits and licenses, insurance requirements, compliance with local building codes, and adherence to safety regulations. 5. Change Orders: This section addresses any potential changes or modifications to the original project scope, including cost adjustments, additional work, or variations to the timeline. It may include provisions for seeking approval from the Owner, their representative, or an architect/engineer before proceeding with any changes. 6. Dispute Resolution: This section stipulates the procedure for resolving any disputes or disagreements that may arise during the course of the construction project. It may include provisions for negotiation, mediation, or binding arbitration, as per New York state laws. 7. Termination and Cancellation: This section outlines the conditions under which either party can terminate the agreement, including default, breach of contract, or failure to fulfill obligations. It may also cover any penalties, liabilities, or remedies that may apply in such cases. Types of New York General Construction Agreements between Property Owner and Contractor: 1. Lump Sum Contract: In this type of agreement, the Contractor agrees to complete the entire construction project for a fixed, lump sum amount. This amount is generally determined based on detailed plans and specifications provided by the Owner. 2. Cost Plus Contract: In a cost plus contract, the Contractor is reimbursed for the actual costs incurred during the construction project, such as labor, materials, and overhead expenses. Additionally, a predetermined fee or percentage may be added to cover the Contractor's profit. 3. Time and Material Contract: This type of agreement entails the reimbursement of the Contractor for the materials used, plus the time spent on the project, based on an agreed-upon hourly rate. It offers flexibility in terms of pricing, especially when the project scope is not clearly defined. In conclusion, the New York General Construction Agreement between Property Owner and Contractor serves as a legally binding contract that protects the interests of both parties and provides a comprehensive framework for successful construction projects in the state of New York.

New York General Construction Agreement between Property Owner and Contractor is a legal document that outlines the terms and conditions of construction projects undertaken by contractors on properties owned by individuals or entities in the state of New York. This comprehensive agreement serves as a guide to ensure a smooth and mutually beneficial working relationship between the property owner (referred to as "Owner" in the agreement) and the contractor (referred to as "Contractor" in the agreement). The New York General Construction Agreement typically includes the following key components: 1. Project Scope: This section clearly defines the nature and extent of the construction project, including detailed plans, specifications, and architectural drawings. It outlines the goals, objectives, and deliverables expected from the Contractor. 2. Duration: This section provides an estimated timeline for the completion of the construction project. It includes the commencement date, interim milestones, completion date, and any time extensions that may be granted due to unforeseen circumstances or changes in project scope. 3. Payment Terms: This section outlines the agreed-upon compensation structure for the Contractor's services. It includes the total project cost, payment schedule, invoicing details, and any provisions for additional costs or change orders. 4. Responsibilities and Obligations: This section delineates the roles, responsibilities, and obligations of both the Owner and Contractor. It covers areas such as permits and licenses, insurance requirements, compliance with local building codes, and adherence to safety regulations. 5. Change Orders: This section addresses any potential changes or modifications to the original project scope, including cost adjustments, additional work, or variations to the timeline. It may include provisions for seeking approval from the Owner, their representative, or an architect/engineer before proceeding with any changes. 6. Dispute Resolution: This section stipulates the procedure for resolving any disputes or disagreements that may arise during the course of the construction project. It may include provisions for negotiation, mediation, or binding arbitration, as per New York state laws. 7. Termination and Cancellation: This section outlines the conditions under which either party can terminate the agreement, including default, breach of contract, or failure to fulfill obligations. It may also cover any penalties, liabilities, or remedies that may apply in such cases. Types of New York General Construction Agreements between Property Owner and Contractor: 1. Lump Sum Contract: In this type of agreement, the Contractor agrees to complete the entire construction project for a fixed, lump sum amount. This amount is generally determined based on detailed plans and specifications provided by the Owner. 2. Cost Plus Contract: In a cost plus contract, the Contractor is reimbursed for the actual costs incurred during the construction project, such as labor, materials, and overhead expenses. Additionally, a predetermined fee or percentage may be added to cover the Contractor's profit. 3. Time and Material Contract: This type of agreement entails the reimbursement of the Contractor for the materials used, plus the time spent on the project, based on an agreed-upon hourly rate. It offers flexibility in terms of pricing, especially when the project scope is not clearly defined. In conclusion, the New York General Construction Agreement between Property Owner and Contractor serves as a legally binding contract that protects the interests of both parties and provides a comprehensive framework for successful construction projects in the state of New York.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.