The Bid Proposal Contract format in Riverside is designed for contractors and owners involved in construction projects. This document allows contractors to present a detailed proposal that includes essential elements such as the project description, commencement of work timeline, final contract price, and payment terms, including retention percentages and timelines for progress and final payments. Additionally, the contract outlines the responsibilities of both parties, including provisions for subcontractors, initial payments, and warranty periods. It requires contractors to deliver three copies, and the owner must accept the proposal by signing one copy and returning it before the specified termination date. The standard provisions also cover aspects like insurance, permits, and remedies for disputes, ensuring that all necessary legal requirements are considered. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this form provides a comprehensive framework that simplifies the bidding process and protects the interests of all parties involved.