A subcontractor's agreement is a legally binding contract that establishes the rights and obligations between a subcontractor and a contractor in the construction industry. In Wilmington, North Carolina, a subcontractor's agreement is governed by state laws and regulations specific to the state. This agreement outlines the terms and conditions for subcontracting work and serves to protect the interests of both parties involved. Keywords: Wilmington North Carolina, subcontractor's agreement, construction industry, legally binding contract, rights and obligations, state laws and regulations. There are different types of Wilmington North Carolina subcontractor's agreements, namely: 1. Standard Subcontractor Agreement: This is the most common type of subcontractor's agreement used in Wilmington, North Carolina. It includes general provisions related to payment terms, scope of work, project schedule, insurance requirements, and dispute resolution procedures. 2. Design-Build Subcontractor Agreement: This type of agreement is used when the subcontractor is solely responsible for both the design and construction aspects of a project. It outlines the specific requirements and responsibilities related to design, construction, and project management. 3. Cost Plus Subcontractor Agreement: In this type of agreement, the subcontractor is reimbursed for both direct project costs and an agreed-upon percentage of profit. It includes detailed provisions on cost documentation, cost allocation, and procedures for approving change orders. 4. Time and Materials Subcontractor Agreement: This agreement is commonly used when the scope of work is undefined or subject to change during the course of the project. It specifies the hourly rates, material costs, and markup percentages applicable to the subcontractor's work. 5. Lump Sum Subcontractor Agreement: In this agreement, the subcontractor agrees to perform a specific scope of work for a fixed lump-sum price. It outlines the project details, milestones, and payment terms, ensuring clarity on the subcontractor's obligations. 6. Joint Venture Subcontractor Agreement: This type of agreement is used when two or more subcontractors collaborate to undertake a specific project. It outlines the responsibilities and liabilities of each subcontractor involved, including profit sharing and risk allocation. These different types of subcontractor's agreements cater to various project scenarios and ensure that all parties involved are aware of their rights, obligations, and expectations. By using these agreements, subcontractors and contractors can mitigate risks, promote transparency, and establish a solid foundation for successful project completion.
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.Wilmington North Carolina Acuerdo de subcontratista - North Carolina Subcontractor's Agreement
State:
North Carolina
City:
Wilmington
Control #:
NC-00481-CPK
Format:
Word
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Description
This state specific form addresses issues for subcontract work including: identifying the parties, identifying the jobsite, describing the work, scheduling the work, payment amount, payment schedule, change orders, contractors delay in commencing work, late payments, dispute resolution, excusable delay, concealed conditions, insurance, and contract interpretation.
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All subcontractors should complete this form when submitting a subaward proposal to University of North Carolina Wilmington. (UNCW). All second and thirdtier subcontractors wishing to bring a lien claim, where the general contractor has filed a notice of contract.All bids shall include the entire contract document bound as it was presented for bid, with applicable bidding information filled out. Do. North Carolina General Statute §44A discusses contractor lien rights for both general contractors and subcontractors. Highland Construction Subcontractor Agreement. A. The contractor is a general contractor duly licensed in the State of North Carolina;. Subcontractors frequenly deal with change orders. These cause original estimates to rise, and cause the prices on contracts to increase. N.C.Gen.Stat. § 44A-17(5).