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General Contract Conditions for Small Construction/Development Contracts U.S. Department of Housing and Urban Development Office of Public and Indian Housing OMB Approval No. 2577-0157 (exp. 01/31/2014)
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General contract conditions are used to outline the terms and conditions of a contract between parties.
Typically, both parties involved in the contract are required to file general contract conditions.
General contract conditions can be filled out by specifying the obligations, responsibilities, and terms agreed upon by the parties.
The purpose of general contract conditions is to establish a clear understanding of the rights and obligations of each party involved in the contract.
Information such as the names of the parties, the scope of work, payment terms, and dispute resolution mechanisms must be reported on general contract conditions.
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