Contractor Contract Template With Payment Plan In Nevada
State:
Multi-State
Control #:
US-0028BG
Format:
Word;
Rich Text
Instant download
Description
The Foreign Corrupt Practices Act of 1977 resulted from bribery of foreign government officials by Lockheed Aircraft Company. This Act is designed to prevent the bribing of foreign officials in order to obtain foreign government contracts. Payments to foreign officials for “facilitation,†often referred to as grease payments, are not prohibited under FCPA so long as these payments are made only to get officials to do their normal jobs that they might not do, or would do slowly, without some payment. These payments can be made only to secure a permit or license; obtain paper processing; secure police protection; provide phone, water, or power supply; or similar such actions.
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FAQ
Some contractors offer financing options, but it's usually through a third party lender. In some cases, contractors may allow a customer to make payments but it's usually a few large payments as opposed to several smaller monthly payments.
What to avoid in construction contracts Unclear scope of work and specifications: An ambiguous scope of work can cause misinterpretation. Missing change order procedures: Not having change order procedures is a risk as construction projects rarely go exactly ing to plan.