Get Lump Sum Contract

Filling out a Lump Sum Contract online can streamline your construction project by clearly defining the obligations between the contractor and the owner. This guide will walk you through the essential components of the contract, ensuring you provide accurate and complete information.

Follow the steps to successfully complete the Lump Sum Contract online.

1. Click the ‘Get Form’ button to obtain the Lump Sum Contract form and open it in your preferred editing tool.
2. In the first section, enter the date on which the contract is being executed. Fill in the appropriate day, month, and year.
3. Next, input the names of both parties involved in the contract: the Contractor and the Owner. Ensure that the names are spelled correctly for legal validity.
4. In the Scope of Work section, provide a detailed description of the project. Include specific plans and specifications decided upon by the Owner.
5. For the Work Site section, fill in the full address where the project will be constructed, making sure to specify any additional details as necessary.
6. Move on to the Permits section, indicating that the Contractor is responsible for obtaining necessary local permits, which will be covered as part of project expenses.
7. In the Soil Conditions section, acknowledge that the Contractor does not bear responsibility for existing site conditions and clarify any additional work needed.
8. Add the necessary insurance details, ensuring that the Contractor will maintain adequate coverage.
9. For Changes to Scope of Work, indicate that any modifications must be authorized in writing, and define how such changes will affect project costs.
10. Specify the Contractor's fee in the appropriate section, whether it is cost-plus or fixed fee, clearly detailing payment methods.
11. Outline the late payment/default penalties, stating any applicable charges and potential costs associated with collections.
12. Finally, in the Warranty section, detail the warranty limitations on workmanship and materials, ensuring that it adheres to the stipulated timeframe.
13. Once all sections have been filled out, save your changes, and download, print, or share the completed Lump Sum Contract as needed.

Complete your Lump Sum Contract online today for a smoother construction experience!