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  • Gsa Sf 1443 2021

Get Gsa Sf 1443 2021-2025

OMB Control Number: 90000010 Expiration Date: 8/31/2024CONTRACTOR'S REQUEST FOR PROGRESS PAYMENTIMPORTANT: See Paperwork Reduction Act Statement and complete this form in accordance with instructions.

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Standard Form 1443 - Contractor's Request for Progress Payment.

The T&M contract type is the least preferred because it is the hardest to manage for both Government and contractor.

Fixed Price Contracts The seller and the buyer agree on a fixed price for the project. The seller often accepts a high level of risk in this type of contract. The buyer is in the least risk category since the price the seller agreed to is fixed.

Contract Types Comparison Party 1 offersUnit priceA service + the cost of one unitBilateralServices or goods that are of value to the other partyUnilateralServices or goods that the other party requested, usually in an open requestImpliedServices or goods9 more rows • 26 Jan 2022

The amount held back, frequently between 5% and 10%, should be specified in the construction contract. Retainage is typically deducted from each progress payment. For example, if a project calls for 10 payments of $50,000 and a 10% retainage is negotiated, then the owner pays $45,000 each time.

Cost Plus (CP) contracts are most risky for the buyers and Fixed Price (FP) contracts are most risky for the sellers.

Cost Reimbursable Contracts The project uses a cost reimbursable contract to pay the contractor for allowable expenses related to performing the work. Since the cost of the project is reimbursable, the contractor has much less risk associated with cost increases.

A progress payment is a partial payment approach identified in a contract related to steps or phases toward the completion of the contract for goods and/or services. Use of this payment approach can require withhold of a percentage of payment pending completion of the entire contract and a bond.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232