The BID FORM serves as a formal proposal template used in Hennepin for construction projects, outlining essential details between the contractor and owner. Key features include sections for project identification, contract price, payment terms, and provisions for subcontractors and warranties. The form requires contractors to fill in details regarding the work involved, completion dates, and associated payments. Users can fill out three copies of the form, with specific instructions for the acceptance process by the owner. The target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form to ensure that critical project details are formally documented and agreed upon. This form is particularly useful for clarifying payment structures and timelines, thus reducing potential disputes. Additionally, it outlines warranty periods and conditions for progress and final payments, which are vital for comprehensive project management and compliance with state regulations.