The Bid Proposal Contract for Construction of Building is a form designed for contractors and owners engaged in construction projects, such as those in Hillsborough. This contract outlines essential details including the project description, work involved, final contract price, and payment terms. Key features of the form include provisions for progress payments, warranty periods, and conditions for project commencement and completion. It includes instructions for the contractor to complete and deliver copies of the proposal and for the owner to accept the proposal. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides clarity on responsibilities and expectations within a construction agreement. Furthermore, it incorporates standard provisions related to subcontracting, payment conditions, legal remedies, and liability insurance. By using this template, users can ensure compliance with legal requirements and mitigate potential disputes in construction projects.