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Understanding the Federally Assisted Construction Contract: Key Legal Insights
Definition & Meaning
A federally assisted construction contract refers to any agreement between a government applicant and a contractor for construction work that is funded entirely or partially by government resources. This includes funds obtained through federal programs that involve grants, loans, insurance, or guarantees. Essentially, if a construction project receives any federal financial support, the agreement governing that project is considered a federally assisted construction contract.
Table of content
Legal Use & context
This term is commonly used in the context of public contracting and construction law. It often arises in discussions about compliance with federal regulations, particularly those related to equal employment opportunity and labor standards. Legal professionals may encounter this term when advising clients on federal contracting requirements or when preparing legal documents for federally funded construction projects. Users can manage some aspects of these contracts using legal templates available through US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A city receives a federal grant to build a new community center. The contract signed with the construction company to carry out this project is a federally assisted construction contract.
Example 2: A state agency borrows money from the federal government to renovate a public school. The agreement with the contractor for the renovation work qualifies as a federally assisted construction contract. (hypothetical example)
Relevant laws & statutes
Major regulations governing federally assisted construction contracts include:
41 CFR 60-1: This regulation outlines the obligations of contractors and subcontractors regarding equal employment opportunity.
Federal Acquisition Regulation (FAR): This provides a comprehensive framework for federal contracting, including construction contracts.
State-by-state differences
Examples of state differences (not exhaustive):
State
Key Differences
California
Additional labor compliance requirements for state-funded projects.
Texas
Specific local regulations may apply to federally funded projects.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Differences
Construction Contract
Any agreement for construction work.
Does not require federal funding.
Government Contract
Any contract with a government entity.
May not involve construction work specifically.
Common misunderstandings
What to do if this term applies to you
If you are involved in a federally assisted construction contract, ensure compliance with all relevant federal regulations, especially regarding labor standards and equal opportunity. Consider using US Legal Forms' templates to manage the documentation effectively. If you encounter complex issues, consulting a legal professional is advisable.
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