An account stated is a statement between a creditor (the person to whom money is owed) and a debtor (the person who owes) based upon a series of prior transactions that a particular amount is owed to the creditor as of a certain date.
Queens, New York Account Stated for Construction Work In Queens, New York, Account Stated for Construction Work refers to the process of establishing a legally binding agreement between a construction company and its clients. Account Stated is a term used in the legal realm to describe an agreement between parties regarding the amount owed for services rendered or products delivered. When it comes to construction work in Queens, there are various types of Account Stated that can be utilized. Some of these types include: 1. Residential Construction Account Stated: This type of Account Stated relates to construction projects that involve building or renovating residential properties such as houses, apartments, or townhouses. It encompasses agreements between homeowners and construction companies for services like new construction, remodeling, or repairs. 2. Commercial Construction Account Stated: This category encompasses Account Stated agreements for construction work on commercial properties, including office buildings, retail stores, hotels, and industrial facilities. These projects often entail more complex requirements and adherence to specific regulations or building codes. 3. Infrastructure Construction Account Stated: Infrastructure projects in Queens, New York, such as roads, bridges, tunnels, and public utilities, may require a specialized type of Account Stated. These projects often involve government agencies or public-private partnerships and may necessitate compliance with specific funding regulations or permits. 4. Renovation or Remodeling Account Stated: This type of Account Stated focuses on construction work aimed at renovating or remodeling existing structures. It could involve interior or exterior renovations, updates, or modifications to improve the appearance, functionality, or aesthetic appeal of a property. 5. Restoration or Preservation Account Stated: Queens, New York, is home to numerous historical buildings and landmarks. Account Stated for construction work related to restoration or preservation projects focuses on protecting, repairing, or renovating these structures while preserving their historical significance. When establishing an Account Stated for Construction Work in Queens, New York, several key elements should be included: — Scope of work: A detailed description of the construction project specifying the tasks, materials, and services to be provided. — Timeline: Clear timelines for project initiation, key milestones, and completion, ensuring all parties have a shared understanding of project duration. — Payment terms: Agreement on the payment schedule, including down payments, progress payments, and the final payment, stipulating amounts, due dates, and any penalties for late payments. — Change orders: A process to handle modifications or additions to the original scope of work, including procedures for time extensions and cost adjustments. — Dispute resolution: A mechanism for resolving any disputes that may arise during the project, such as mediation, arbitration, or legal proceedings. By establishing a comprehensive Account Stated for Construction Work in Queens, New York, all parties involved can ensure a clear understanding of their rights, obligations, and expectations throughout the construction project.
Queens, New York Account Stated for Construction Work In Queens, New York, Account Stated for Construction Work refers to the process of establishing a legally binding agreement between a construction company and its clients. Account Stated is a term used in the legal realm to describe an agreement between parties regarding the amount owed for services rendered or products delivered. When it comes to construction work in Queens, there are various types of Account Stated that can be utilized. Some of these types include: 1. Residential Construction Account Stated: This type of Account Stated relates to construction projects that involve building or renovating residential properties such as houses, apartments, or townhouses. It encompasses agreements between homeowners and construction companies for services like new construction, remodeling, or repairs. 2. Commercial Construction Account Stated: This category encompasses Account Stated agreements for construction work on commercial properties, including office buildings, retail stores, hotels, and industrial facilities. These projects often entail more complex requirements and adherence to specific regulations or building codes. 3. Infrastructure Construction Account Stated: Infrastructure projects in Queens, New York, such as roads, bridges, tunnels, and public utilities, may require a specialized type of Account Stated. These projects often involve government agencies or public-private partnerships and may necessitate compliance with specific funding regulations or permits. 4. Renovation or Remodeling Account Stated: This type of Account Stated focuses on construction work aimed at renovating or remodeling existing structures. It could involve interior or exterior renovations, updates, or modifications to improve the appearance, functionality, or aesthetic appeal of a property. 5. Restoration or Preservation Account Stated: Queens, New York, is home to numerous historical buildings and landmarks. Account Stated for construction work related to restoration or preservation projects focuses on protecting, repairing, or renovating these structures while preserving their historical significance. When establishing an Account Stated for Construction Work in Queens, New York, several key elements should be included: — Scope of work: A detailed description of the construction project specifying the tasks, materials, and services to be provided. — Timeline: Clear timelines for project initiation, key milestones, and completion, ensuring all parties have a shared understanding of project duration. — Payment terms: Agreement on the payment schedule, including down payments, progress payments, and the final payment, stipulating amounts, due dates, and any penalties for late payments. — Change orders: A process to handle modifications or additions to the original scope of work, including procedures for time extensions and cost adjustments. — Dispute resolution: A mechanism for resolving any disputes that may arise during the project, such as mediation, arbitration, or legal proceedings. By establishing a comprehensive Account Stated for Construction Work in Queens, New York, all parties involved can ensure a clear understanding of their rights, obligations, and expectations throughout the construction project.
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.