This Primer provides a general overview of City contracting processes and solicitation methods. A contract is a formal agreement between two or more parties that documents the terms of their business relationship.Campuses may use Form 7554-01 to solicit sealed bids at their discretion. The purpose of this guide is to provide instructions to Agencies (IA) on project control and contract. If you would like to swap your room or request an early termination of contract here's a guide on what to do. This Agreement has been prepared for use with EJCDC® C-700, Standard General Conditions of the Construction. Contract, 2013 Edition.