The Bid Proposal Contract with Sample in Wake is a comprehensive document designed for use in construction projects, clearly outlining the obligations and responsibilities of both contractors and owners. It includes essential sections such as project details, payment terms, and timelines for commencement and completion of work. Key features include provisions for subcontracting, warranty of work performed, initial and progress payment structures, and legal remedies in case of disputes. The form also emphasizes the need for clear communication between contractor and owner, particularly regarding acceptance of proposals and notices of completion. Filling instructions detail that the contractor must complete and sign three copies, while the owner is required to execute and return one copy within the proposal's validity period. This contract is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate and construction sectors, as it facilitates clear contractual agreements, minimizes potential disputes, and ensures compliance with legal obligations.