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Subcontractors Package - New York

Subcontractors Package - New York 2025

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The document is a U.S. Legal Forms™ Specialty Forms Package for subcontractors in New York, providing essential forms and tools to address legal and business issues that may arise during construction projects. It includes various forms such as Subcontractor’s Agreement, Change Order Sheet, and Accident Report Form, along with descriptions and tips for completing them. The package emphasizes the importance of protecting legal rights and offers a disclaimer regarding the use of the forms.

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What is a third-tier subcontractor?

Major subcontractor means a subcontractor that is awarded a subcontract that equals or exceeds (i) Both the certified cost or pricing data threshold and 10 percent of the value of the contract under which the subcontract is awarded; or. (ii) $55 million.

What are the three types of subcontractors?

When you are looking at supply chain procurement, there are three types of subcontractor: Domestic Subcontractors. Nominated Subcontractors. Named Subcontractors.

What is a subcontract package?

A subcontract in the realm of construction is essentially an agreement in which a main or primary contractor hires another party, known as the subcontractor, to perform a specific construction-related task (or set of tasks) within the broader project.

How much should I pay a subcontractor?

As a very rough rule of thumb, the profit for the subcontractor should lie somewhere between 3-5% of the total job, but there is no fixed rule. Where there is some room in your agreement for negotiation is what you consider the margin for profit and what you might classify as contingency.

What are the three types of subcontracts?

There are three universally recognised types of sub-contractors in the construction industry. These are domestic subcontractors, nominated subcontractors and named subcontractors. However, there exists a thin distinguishing line between the named and the nominated sub-contractor.

What paperwork do I need for a subcontractor?

W9 form. All subcontractors should be providing you with an IRS W9 form. This documentation lets you know the type of company the subcontractor is (corporation, LLC, sole proprietor, etc), as well as their tax identification number or Social Security number if they are an individual.

What classifies someone as a subcontractor?

The subcontractors hired by you, the general contractor, are called second-tier contractors. Its not uncommon to have your subcontractors hire additional companies to complete some tasks. Those companies are referred to as third-tier subcontractors.

Subcontractors Package - New York 2025

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