The Bid Form for Construction of Building outlines the essential requirements for submitting a bid in Chicago. It includes important sections such as contractor and owner information, project details, contract price, payment terms, and timelines. Users must fill out the contractor's details, project address, and final contract price, among other specifics. The form is designed for completion in three copies, with the owner accepting the proposal by returning one signed copy. This form is particularly useful for attorneys, partners, and legal assistants involved in construction contracts, as it provides a structured format for clear communication and record-keeping. Paralegals and associates will benefit from understanding the payment schedules and warranty provisions outlined, ensuring compliance with local regulations. Overall, the form serves as a vital document to streamline the bidding process, protect all parties' interests, and facilitate project execution.