This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
New Hampshire Contract for Construction of a Commercial Building: A New Hampshire Contract for Construction of a Commercial Building is a legally binding agreement between a property owner and a contractor for the construction of a commercial building in the state of New Hampshire. This contract outlines the terms and conditions that both parties must adhere to throughout the construction process, ensuring a smooth and transparent collaboration. Keywords: New Hampshire, Contract, Construction, Commercial Building Different Types of New Hampshire Contracts for Construction of a Commercial Building: 1. Lump Sum Contract: This type of contract specifies a fixed price for the entire construction project. The contractor agrees to complete the work within the given timeframe and budget, assuming all risks associated with cost overruns. 2. Cost Plus Contract: In a cost plus contract, the property owner agrees to pay the contractor for the actual cost of labor, materials, and overhead, plus a predetermined percentage for profit. This type of contract is commonly used when the scope of work or project requirements are difficult to determine accurately upfront. 3. Unit Price Contract: This contract type involves pricing every component or task individually. Each unit of work, such as square foot of concrete poured or linear foot of plumbing installed, is assigned a fixed price. The contractor is then paid based on the quantity of work completed as documented in the contract. 4. Guaranteed Maximum Price (GMP) Contract: In a GMP contract, the contractor provides a maximum price for the project. If the actual cost of construction is lower than the agreed-upon maximum, the property owner benefits from the savings. Conversely, if the actual cost exceeds the GMP, the contractor bears the additional expenses. 5. Design-Build Contract: A design-build contract involves hiring a single entity to handle both the design and construction aspects of the project. This approach streamlines the process and encourages collaboration between the property owner, architect/designer, and contractor. 6. Construction Management Contract: With a construction management contract, the property owner hires a construction manager to oversee the entire construction process, including coordinating subcontractors and managing the project budget. The construction manager acts as an agent for the property owner, ensuring that the project is completed to the owner's satisfaction. These various types of New Hampshire Contracts for Construction of a Commercial Building provide flexibility and options to property owners and contractors based on their specific project needs and preferences.
