The Construction Bid Form Sample in Franklin is an essential document structured for contractors intending to submit bids for construction projects. It includes critical details such as contact information for the contractor and owner, project description, and proposed contract price. Key features of the form include sections for commencement of work, initial payment, progress payments with retention percentages, and final payment terms, plus instructions for completion. Filling and editing instructions advise contractors to complete three copies of the form and deliver two to the owner, requiring signature verification for acceptance. This form is particularly useful for legal professionals, including attorneys and paralegals, as it provides a clear framework for formalizing construction agreements. Owners can effectively manage project bids and contractor engagements, while associates and legal assistants can ensure compliance with legal standards and timelines. The form also includes standard provisions related to subcontracting, warranties, and insurance, making it a comprehensive tool for construction project management.