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LUMP SUM CONSTRUCTION CONTRACT This Construction Contract, dated and effective, the Owner: between: O 'Reilly Automotive, Inc. and its subsidiaries and affiliates (“O 'Reilly “) 233 S. Patterson
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How to fill out lump sum construction contract

How to fill out a lump sum construction contract:
01
Start by gathering all the necessary information and documents. This includes the project plans and specifications, any applicable permits or licenses, and any relevant contract templates or forms provided by the client or project owner.
02
Familiarize yourself with the requirements and terms of the lump sum construction contract. This includes understanding the scope of work, project timeline, and any specific deliverables or milestones outlined in the contract.
03
Carefully review the pricing and payment terms. Make sure you understand how your payment will be structured, including any progress payments or retention amounts, and any conditions or terms related to payments.
04
Fill in the necessary details in the contract template. This includes providing accurate information about your company, including your legal business name and contact information. You should also include the name and contact details of the client or project owner.
05
Clearly define the scope of work in the contract. This should include a detailed description of the tasks, activities, and services you will be providing as part of the construction project. Be as specific as possible to avoid any misunderstandings or disputes later on.
06
Specify the project timeline and milestones. Clearly outline the start and completion dates for the project, as well as any important milestones or deadlines. Include provisions for any extensions or delays that may occur during the course of the project.
07
Detail the pricing and payment terms in the contract. This includes specifying the lump sum amount for the project, any additional costs that may be incurred, and the schedule for progress payments. Make sure to include any provisions for change orders or variations to the original contract.
08
Include provisions for warranties and guarantees. This may include specifying the length and coverage of any warranties for the workmanship and materials used in the construction project.
09
Review the contract carefully before finalizing and signing it. Seek legal advice if necessary to ensure that all the terms and conditions are fair and acceptable.
Who needs a lump sum construction contract:
A lump sum construction contract is typically used by construction contractors or builders who are hired to complete a specific project for a fixed price. This type of contract is commonly used in residential and commercial construction projects, where the scope of work is well-defined and the pricing can be agreed upon in advance. The lump sum contract offers certainty and predictability to both the contractor and the client, as the total cost is determined upfront and any changes or variations are typically addressed through change orders.
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What is lump sum construction contract?
A lump sum construction contract is a fixed-price agreement in which the contractor agrees to complete the project for a specified amount.
Who is required to file lump sum construction contract?
The contractor responsible for completing the construction project is required to file the lump sum construction contract.
How to fill out lump sum construction contract?
The lump sum construction contract should be filled out accurately with all project details, cost breakdowns, and terms agreed upon by both parties.
What is the purpose of lump sum construction contract?
The purpose of a lump sum construction contract is to establish a clear understanding of the project scope, timeline, costs, and expectations between the contractor and the client.
What information must be reported on lump sum construction contract?
The lump sum construction contract should include details such as project description, scope of work, project timeline, materials to be used, labor costs, and payment schedule.
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