Unfortunately many plunge into the new build process without giving the matter all the consideration it deserves. This article will explain the parts of the process and the steps that should be undertaken, after the selection of a hull or design is selected, to protect your mind, body and checkbook during the process. Most new builds on the coast are takeoffs using proven GRP hulls produced by the great array of hull molders on the upper New England coast and are not so difficult in concept that they need a large amount of design and engineering skills to construct in normal configurations.
Legal fees are but a small amount, and they pale in the light of the total cost.
A simple contract which embraces the provisions necessary can be written by an attorney accustomed to writing agreements for services. Charges for simple contracts might be several hundred dollars, but for the more sophisticated vessels, I always suggest a good law firm specializing in maritime matters and accustomed to handling more complicated agreements. Fees might then range upward to several thousand dollars when negotiated, for often complicated terms must be considered. The agreement should begin with a few remarks about the parties involved and the function they will play. At the minimum, the builders standard brochure and equipment list, along with a list of owner furnished items which builder is to install should be attached.