The Bid Form is specifically designed for contractors and owners engaging in data entry projects in Minnesota. This document outlines essential details such as contractor and owner information, project specifics, work involved, payment structures, and warranties. Key features include fields for initial and progress payments, final payment terms, and clauses addressing subcontractor responsibilities and warranty periods. To fill out this form, contractors should complete three copies, providing two to the owner, who then accepts the proposal by signing and returning one copy before the termination date. This form can serve various purposes, including facilitating contract agreements between construction professionals and clients, ensuring clarity in payment schedules, and establishing legal protections for both parties. Target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants will find this form instrumental in drafting, negotiating, and executing bids to ensure compliance with Minnesota's legal standards for construction projects.