The Bid Proposal Contract for Construction in Franklin serves as a formal agreement between a contractor and the project owner, establishing the terms and conditions for a construction project. This document includes essential information such as the contractor and owner details, project description, contract price, payment terms, and completion timelines. Key features of the form include provisions for progress payments, initial payment details, a warranty period, and conditions for termination of the proposal. The contractor must complete three copies, delivering two to the owner; the owner accepts the proposal by signing and returning one copy. This form is particularly useful for attorneys, partners, and owners involved in construction projects, as it outlines the rights and responsibilities of each party while providing clear procedures for payment and contract modifications. Paralegals and legal assistants may use this form to support clients in drafting and reviewing contracts, ensuring compliance with legal standards and protecting their interests. Overall, this bid proposal contract is a vital tool for facilitating successful construction projects in Franklin.