The Bid Proposal Template for Construction in Hennepin is designed to facilitate the bidding process between contractors and project owners. It includes essential fields such as the contractor's and owner's information, project details, contract prices, payment schedules, and completion timelines. Notable features include provisions for progress payments with retention percentages, warranty periods, and terms for termination of the proposal. The document provides clear instructions for filling out the form, requiring contractors to complete and submit three copies, while the owner must return one signed copy to indicate acceptance. This template is particularly useful for attorneys, partners, and owners involved in construction contracts as it outlines legal obligations and protects their interests. Associates and paralegals can utilize the form in due diligence activities and manage compliance with procurement processes. Legal assistants may also find value in the straightforward nature of the form, making it easier to serve clients in construction-related legal matters.