New Mexico Contract for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-13202BG
• Format: Word; Rich Text

Description

This form is a contract for the construction of a building with Contractor agreeing to furnish all materials and to perform all work as required by contracts enumerated in the contract for construction. The New Mexico Contract for Construction of Building is a legally binding agreement executed between a contractor and the party who is commissioning the construction project. This comprehensive document outlines the specific responsibilities, obligations, and terms of the construction project while emphasizing that the contractor is responsible for providing all the necessary materials and completing the work as outlined in the enumerated contract documents. Keywords: New Mexico, Contract for Construction of Building, contractor, furnish, materials, perform, work, required, enumerated contract documents. Types of New Mexico Contracts for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents: 1. Lump Sum Contract: This type of contract specifies a fixed sum of money that the contractor will receive for completing the project. The contractor is responsible for furnishing all necessary materials and performing all the required work to complete the building as outlined in the contract documents. 2. Cost Plus Fee Contract: In this type of contract, the contractor is reimbursed for the actual costs incurred during the construction project, including materials, labor, and overhead, along with a predetermined fee. The contractor is still responsible for furnishing materials and performing all the necessary work as required. 3. Time and Materials Contract: This contract type is generally used when the scope of work is uncertain, and the project's duration cannot be precisely determined. The contractor is compensated for the time spent on the project and the materials used, along with an agreed-upon fee. The contractor is obligated to furnish materials and perform the work required as per the enumerated contract documents. 4. Unit Price Contract: Under this contract, the contractor agrees to provide the materials and perform the work at specified unit prices. The total cost is calculated based on the quantities of materials used or work performed. The contractor is responsible for furnishing the necessary materials and completing all the work as outlined in the contract documents. It is crucial for both parties involved in the New Mexico Contract for Construction of Building to thoroughly review and understand the terms and conditions outlined in the contract documents before signing. Consulting legal professionals is recommended to ensure compliance and protect the rights and interests of the parties involved.

The New Mexico Contract for Construction of Building is a legally binding agreement executed between a contractor and the party who is commissioning the construction project. This comprehensive document outlines the specific responsibilities, obligations, and terms of the construction project while emphasizing that the contractor is responsible for providing all the necessary materials and completing the work as outlined in the enumerated contract documents. Keywords: New Mexico, Contract for Construction of Building, contractor, furnish, materials, perform, work, required, enumerated contract documents. Types of New Mexico Contracts for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents: 1. Lump Sum Contract: This type of contract specifies a fixed sum of money that the contractor will receive for completing the project. The contractor is responsible for furnishing all necessary materials and performing all the required work to complete the building as outlined in the contract documents. 2. Cost Plus Fee Contract: In this type of contract, the contractor is reimbursed for the actual costs incurred during the construction project, including materials, labor, and overhead, along with a predetermined fee. The contractor is still responsible for furnishing materials and performing all the necessary work as required. 3. Time and Materials Contract: This contract type is generally used when the scope of work is uncertain, and the project's duration cannot be precisely determined. The contractor is compensated for the time spent on the project and the materials used, along with an agreed-upon fee. The contractor is obligated to furnish materials and perform the work required as per the enumerated contract documents. 4. Unit Price Contract: Under this contract, the contractor agrees to provide the materials and perform the work at specified unit prices. The total cost is calculated based on the quantities of materials used or work performed. The contractor is responsible for furnishing the necessary materials and completing all the work as outlined in the contract documents. It is crucial for both parties involved in the New Mexico Contract for Construction of Building to thoroughly review and understand the terms and conditions outlined in the contract documents before signing. Consulting legal professionals is recommended to ensure compliance and protect the rights and interests of the parties involved.