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Get Fixed Price Construction Contract Template
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How to fill out the Fixed Price Construction Contract Template online
Completing the Fixed Price Construction Contract Template online is an important step in formalizing agreements between an owner and a contractor. This guide provides a detailed walkthrough of each section, ensuring that users of all experience levels can fill it out accurately and confidently.
Follow the steps to successfully complete your Fixed Price Construction Contract Template
- Press the ‘Get Form’ button to access the template and open it in your preferred editing tool.
- Begin by entering the name of the Owner and the Contractor. Make sure to clearly identify the parties involved in the contract.
- Specify the Project name, ensuring it accurately reflects the work to be performed.
- Review Article I to confirm that the included Contract Documents clearly delineate responsibilities and requirements. Be sure to indicate any necessary amendments.
- Describe the specific Work to be performed under the contract in Article II. Include all relevant details to prevent misunderstandings.
- Complete Section 3 regarding Contract Time. Indicate the start date and the number of working days allocated for completion.
- Insert the Contract Price in Article IV, denoting the fixed sum the Owner will pay the Contractor.
- Fill out Article V, including a Schedule of Values to outline how the Contract Price will be allocated across the various parts of the Work.
- Provide all necessary insurance information as requested in Article XIII, ensuring compliance with state regulations.
- After reviewing for accuracy, save your changes. You can then download, print, or share the completed contract as needed.
Complete your Fixed Price Construction Contract Template online today and ensure your project runs smoothly.
Firm-fixed price contracts are those contracts that provide for a price which normally is not subject to any adjustment. ... A fixed price contract places minimum administrative burden on contracting parties, but subjects a contractor to maximum risk arising from full responsibility for all cost escalations.
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