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Get Form Of Agreement Between Constructor And Owner ...
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How to fill out the FORM OF AGREEMENT BETWEEN CONSTRUCTOR AND OWNER online
Navigating the FORM OF AGREEMENT BETWEEN CONSTRUCTOR AND OWNER can be straightforward with the right guidance. This step-by-step guide will help you complete the form accurately and efficiently while providing essential information tailored to your needs.
Follow the steps to effectively fill out the form.
- Click the ‘Get Form’ button to obtain the form and open it in the editor.
- Identify the section for the Principal. Fill in the full name of the corporation or partnership acting as the Principal in the agreement. Make sure to specify the legal structure (e.g., corporation, partnership) clearly.
- In the Surety section, enter the name of the Surety Company, ensuring it is a corporation authorized to conduct surety business in Iowa.
- Designate the Obligee by stating 'Board of Regents, State of Iowa'. This confirms the party that the bond is intended to protect.
- Fill in the penal sum, which is typically 5% of the bid. Be precise to ensure accuracy in your bonding obligation.
- Specify the project name that corresponds to the bid being submitted. This ties the bond to the specific project.
- Affix signatures in the designated areas for both the Principal and Surety. Individuals signing must also print or type their names and provide their titles to ensure clarity.
- Include the date of signing in the allocated space, formatted as day/month/year.
- After filling out the form, review all entries for accuracy, ensuring no fields are left incomplete or erroneous.
- Finally, save changes, download, print, or share the completed form as necessary for submission purposes.
Complete your documents online for a streamlined and efficient process.
To be legally valid, a contract must fulfill four basic requirements: All signees must be above the age of consent. All parties must agree to the contract freely. All parties must be able to understand the agreement (legal capacity). The terms of the agreement must be permitted in law.
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