Bronx New York Subcontrato para la construcción de una parte o los materiales que se incorporarán al edificio con disposiciones que, al finalizar por causa, el contratista puede completar el trabajo y retener todos los montos adeudados al subcontratista - Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor

• Category: Contratistas de Construcción - Subcontratistas - Alaska
• State: Multi-State
• County: Bronx
• Control #: US-13277BG
• Format: Word

Description

A subcontractor performs work under a contract with a general contractor, rather than the employer who hired the general contractor. A Bronx New York Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is a legally binding document outlining the terms and conditions between a contractor and subcontractor in a construction project taking place in Bronx, New York. This subcontract specifies that in the event of termination for cause, the contractor has the right to complete the work and retain all amounts owed to the subcontractor. There may be different types of this Bronx New York subcontract, each with its own variations and provisions. Some common variations of this subcontract are: 1. Standard Termination for Cause Subcontract: This type of subcontract includes provisions where, in case of a significant violation or breach by the subcontractor, the contractor has the right to terminate the agreement. The subcontractor is still entitled to receive the amounts owed for completed work up until the termination, but the contractor may retain those amounts. 2. Performance Termination Subcontract: This type of subcontract specifically focuses on termination due to the subcontractor's failure to meet performance standards or milestones. If the subcontractor fails to meet the agreed-upon requirements, the contractor can terminate the subcontract and complete the remaining work while retaining all amounts due to the subcontractor. 3. Financial Termination Subcontract: This type of subcontract is relevant when financial issues arise, such as the subcontractor's failure to pay suppliers or subcontractors, or filing for bankruptcy. In such cases, the contractor may terminate the agreement and assume responsibility for completing the work, while also retaining all amounts due to the subcontractor. 4. Material Supply Subcontract: This type of subcontract specifically focuses on materials to be supplied for the construction project. If the subcontractor fails to deliver the specified materials or breaches the agreement, the contractor can terminate the subcontract, complete the remaining work, and retain the amounts owed to the subcontractor. Regardless of the specific type, a Bronx New York Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor ensures clear communication and accountability between the contractor and subcontractor. It not only protects the rights and responsibilities of both parties but also provides a clear course of action in case of termination for cause.

A Bronx New York Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is a legally binding document outlining the terms and conditions between a contractor and subcontractor in a construction project taking place in Bronx, New York. This subcontract specifies that in the event of termination for cause, the contractor has the right to complete the work and retain all amounts owed to the subcontractor. There may be different types of this Bronx New York subcontract, each with its own variations and provisions. Some common variations of this subcontract are: 1. Standard Termination for Cause Subcontract: This type of subcontract includes provisions where, in case of a significant violation or breach by the subcontractor, the contractor has the right to terminate the agreement. The subcontractor is still entitled to receive the amounts owed for completed work up until the termination, but the contractor may retain those amounts. 2. Performance Termination Subcontract: This type of subcontract specifically focuses on termination due to the subcontractor's failure to meet performance standards or milestones. If the subcontractor fails to meet the agreed-upon requirements, the contractor can terminate the subcontract and complete the remaining work while retaining all amounts due to the subcontractor. 3. Financial Termination Subcontract: This type of subcontract is relevant when financial issues arise, such as the subcontractor's failure to pay suppliers or subcontractors, or filing for bankruptcy. In such cases, the contractor may terminate the agreement and assume responsibility for completing the work, while also retaining all amounts due to the subcontractor. 4. Material Supply Subcontract: This type of subcontract specifically focuses on materials to be supplied for the construction project. If the subcontractor fails to deliver the specified materials or breaches the agreement, the contractor can terminate the subcontract, complete the remaining work, and retain the amounts owed to the subcontractor. Regardless of the specific type, a Bronx New York Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor ensures clear communication and accountability between the contractor and subcontractor. It not only protects the rights and responsibilities of both parties but also provides a clear course of action in case of termination for cause.

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.