The Bid Proposal Contract for Construction in Wake is a formal document that outlines the terms and conditions for a construction project. It includes essential information such as contractor and owner details, project description, payment provisions, and timeline for work completion. Key features of the form include specifications for progress payments, initial payment schedules, and a warranty period for completed work. Users are instructed to complete three copies, with two submitted to the owner, who must return one signed copy before the proposal termination date. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for contractual obligations and protections related to construction projects. Moreover, it includes standard provisions regarding subcontractors, final payments, and legal remedies, making it a comprehensive resource for managing construction agreements effectively. By utilizing this form, professionals can ensure that all parties are aligned on expectations, payment structures, and responsibilities throughout the project's duration.