Get the free STIPULATED PRICE SUBCONTRACT - Norcal Group

STIPULATED PRICE SUBCONTRACT NORMAL CONSTRUCTION 260, 3015 12th Street N.E. Calgary, AB T2E 7J2 (403× 2913010 AGREEMENT BETWEEN CONTRACTOR AND SUBCONTRACTOR This Subcontract Agreement made on the

How to fill out stipulated price subcontract

How to fill out a stipulated price subcontract:

1. Start by carefully reading through the entire subcontract agreement to understand its terms and conditions. Pay attention to details such as the scope of work, payment terms, completion dates, and any special provisions.
2. Gather all necessary information and documents to accurately complete the subcontract. This may include the original contract, bid specifications, drawings, and any additional documentation related to the project.
3. Begin by filling out the basic information section of the subcontract, which typically includes the names and contact information of both the subcontractor and the contractor. Make sure to provide accurate and up-to-date information.
4. Specify the scope of work to be performed by the subcontractor. This may include detailed descriptions of the services or tasks to be completed, any specific deliverables, materials required, and any agreed-upon milestones or deadlines.
5. Outline the payment terms in the subcontract. This includes the stipulated price for the subcontractor's services, any retainage or progress billing arrangements, and the schedule of payments (e.g., monthly, upon completion of project milestones).
6. Include any special provisions or requirements as outlined in the original contract. This may include terms related to indemnification, insurance coverage, subcontractor licensing, warranties, and dispute resolution procedures.
7. Review the subcontract thoroughly before signing. Make sure all information is accurate, and seek legal advice if necessary. Once signed, both the subcontractor and contractor are legally bound by the terms and conditions outlined in the agreement.

Who needs a stipulated price subcontract:

1. General contractors who are hiring subcontractors to perform specific tasks or provide services as part of a larger construction project. This subcontract allows the general contractor to set a fixed price for the subcontractor's work.
2. Subcontractors who have been hired by a general contractor to perform a specific scope of work. The stipulated price subcontract provides clear expectations and payment terms for the subcontractor's services.
3. Construction project owners who want to ensure that there is a legally binding agreement between themselves, the general contractor, and subcontractors. This helps to establish clear roles, responsibilities, and pricing for all parties involved in the project.

For pdfFiller’s FAQs

What is stipulated price subcontract?

A stipulated price subcontract is a contract in which the total contract price is predetermined and agreed upon before the work begins.

Who is required to file stipulated price subcontract?

The subcontractor is required to file the stipulated price subcontract.

How to fill out stipulated price subcontract?

To fill out a stipulated price subcontract, the subcontractor must provide all required project information, including scope of work, materials, labor costs, and timelines.

What is the purpose of stipulated price subcontract?

The purpose of a stipulated price subcontract is to establish clear expectations and obligations between the subcontractor and contractor regarding the scope and cost of work.

What information must be reported on stipulated price subcontract?

The stipulated price subcontract should include details such as project scope, timeline, materials, labor costs, payment terms, and any special conditions or requirements.

How can I send stipulated price subcontract to be eSigned by others?

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