Contract award document new york

A contract award document in New York typically includes the following elements:

1. Award Number: A unique identifier assigned to the contract by the awarding agency or department.
2. Award Date: The date on which the contract was awarded.
3. Contractor Information: The name, address, and contact information of the contractor or vendor selected to perform the work.
4. Scope of Work: A detailed description of the work to be performed, including the specific tasks, deliverables, and timelines.
5. Contract Value: The total value of the contract, including any applicable taxes and fees.
6. Payment Terms: The schedule and method of payment for the contractor, including any retainage or holdback provisions.
7. Performance Bond: A requirement for the contractor to provide a performance bond, which guarantees the contractor's performance and completion of the work.
8. Warranty: A provision requiring the contractor to provide a warranty for the work performed, including the duration and scope of the warranty.
9. Termination: A provision outlining the circumstances under which the contract may be terminated, including the procedures for termination and any applicable penalties or damages.
10. Dispute Resolution: A provision outlining the process for resolving disputes between the parties, including mediation, arbitration, or litigation.
11. Governing Law: A provision specifying the laws of the State of New York as the governing law for the contract.
12. Jurisdiction: A provision specifying the jurisdiction and venue for any disputes or litigation arising out of the contract.

Here is a sample contract award document in New York:

CONTRACT AWARD DOCUMENT

Award Number: 2023-001

Award Date: March 15, 2023

Contractor Information:

• Contractor Name: XYZ Construction Company
• Address: 123 Main Street, New York, NY 10001
• Contact: John Doe, (555) 555-5555, [email protected]

Scope of Work:

The Contractor shall perform the following work:

• Demolition of existing building at 456 Broadway, New York, NY 10013
• Construction of a new 10-story office building
• Installation of all necessary electrical, plumbing, and HVAC systems
• Completion of all work within 18 months from the start date

Contract Value: $10,000,000.00

Payment Terms:

• The Contractor shall be paid in accordance with the schedule of payments outlined in the contract
• A retainage of 10% shall be withheld until completion of the work and final inspection

Performance Bond:

The Contractor shall provide a performance bond in the amount of $1,000,000.00 to guarantee the Contractor's performance and completion of the work

Warranty:

The Contractor shall provide a 5-year warranty for all work performed, including all materials and labor

Termination:

The contract may be terminated by either party upon 30 days' written notice, or immediately in the event of default or breach

Dispute Resolution:

Any disputes arising out of this contract shall be resolved through mediation, and if mediation is unsuccessful, through arbitration in accordance with the rules of the American Arbitration Association

Governing Law:

This contract shall be governed by and construed in accordance with the laws of the State of New York

Jurisdiction:

Any disputes arising out of this contract shall be litigated in the courts of the State of New York

By signing below, the parties acknowledge that they have read, understand, and agree to the terms and conditions of this contract.

Contractor Signature: __ Date: __

Awarding Agency Signature: __ Date: __