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Get Washington Construction Contract Cost Plus Or Fixed Fee
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How to fill out the Washington Construction Contract Cost Plus Or Fixed Fee online
This guide provides users with clear and detailed instructions for filling out the Washington Construction Contract Cost Plus Or Fixed Fee online. Whether you are a contractor or an owner, this resource aims to simplify the process of completing this essential document.
Follow the steps to effectively complete your contract online.
- Click ‘Get Form’ button to obtain the form and open it in your chosen editor.
- Fill in the Contractor details. Include the name and address of the Contractor in the designated fields.
- Enter the Owner details. Similar to the Contractor section, input the name and address of the Owner.
- Define the Scope of Work. Describe the work, labor, and materials necessary for the Project, referencing any drawings and specifications.
- Specify the Work Site. Clearly state the location where the Project will take place.
- Indicate the Time of Completion. Specify the expected start and completion dates for the work.
- Complete the Permits section. Assure that all necessary permits and regulatory approvals are included as part of the Project price.
- Address Soil Conditions. Acknowledge that the Contractor has no responsibility for the soil conditions at the Work Site.
- Fill in the Insurance details. Confirm that Contractor will maintain the required insurance for the Project.
- Note Changes to Scope of Work. Explain how changes can be made and that they must be documented in a Change Order.
- Choose between Cost Plus or Fixed Fee. Specify the payment structure based on either the cost of materials plus a fee or a fixed sum.
- Consult the Late Payment/Default clause. Ensure understanding of the consequences of late payments.
- Finalize the document by reviewing all entered information for accuracy.
- Save changes, and consider your options to download, print, or share the completed form as needed.
Complete your Washington Construction Contract Cost Plus Or Fixed Fee online today.
An FFP contract is not subject to any adjustment, whereas a Fixed Price Contract might have a provision for economic price adjustments. Definition: A firm-fixed-price (FFP) contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract.
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