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NEW CONSTRUCTION ADDENDUM
COMPLETION:
The completion of construction is estimated to be well before the Moran date. However, any unforeseen delays such as problems
with the weather, acts of nature,
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How to fill out new contstruction addendum
How to fill out a new construction addendum:
01
Begin by reviewing the existing construction contract: Before filling out the new construction addendum, it is important to carefully review the original construction contract. Understand the scope of work, timeline, and any previous addendums or amendments that have been made.
02
Identify the purpose of the addendum: Determine why the new construction addendum is necessary. It could be due to changes in the project plans, additional work, or modifications to existing terms and conditions. Understanding the purpose will help guide you in filling out the addendum correctly.
03
Include necessary information: Fill out the addendum with all the required information, which may include details such as project name, date, parties involved, and project address. Ensure accuracy and completeness in providing this information.
04
Specify the changes or additions: Clearly state the changes or additions that need to be made to the original construction contract. This could include modifications in project scope, revised timelines, updated cost estimates, or any other relevant changes. Be concise and specific in describing the modifications to avoid confusion.
05
Obtain signatures: After filling out the new construction addendum, ensure that all involved parties sign the document. This typically includes the project owner, contractor, and any other relevant stakeholders. Signatures represent agreement and acceptance of the addendum's terms.
Who needs a new construction addendum?
01
Project Owners: Project owners or clients often require a new construction addendum if there are changes or additions to the original construction contract. This ensures that the project's evolving needs are properly documented and agreed upon by all parties involved.
02
Contractors: Contractors may also need a new construction addendum if they propose modifications to the original contract terms or if there are substantial changes in the project requirements. The addendum serves as a formal document outlining the agreed-upon changes and protects the contractor's interests.
03
Architects and Design Professionals: In some cases, architects or design professionals may require a new construction addendum if there are alterations in the project plans or design specifications. This helps formalize the changes and ensures all parties are aware of the updated requirements.
Note: The need for a new construction addendum may vary depending on the specific circumstances of the project. It is always recommended to consult legal professionals or experts in construction contract management to ensure compliance and mitigate any potential risks.
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What is new construction addendum?
New construction addendum is a supplemental document added to an existing contract for the purpose of outlining additional terms or specifications related to new construction.
Who is required to file new construction addendum?
The parties involved in the construction project, such as the contractor, subcontractors, and project owners, are required to file the new construction addendum.
How to fill out new construction addendum?
The new construction addendum should be filled out by including the relevant information regarding the changes or additions to the original contract, as well as signatures of all parties involved.
What is the purpose of new construction addendum?
The purpose of the new construction addendum is to ensure that any modifications or additions to the original contract are clearly documented and agreed upon by all parties.
What information must be reported on new construction addendum?
The new construction addendum must include details such as the scope of work changes, cost adjustments, timelines, and any other relevant terms that are being added to the original contract.
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