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BASE CONTRACT AMOUNT $54,265.30 CONTRACT CHANGE ORDER NO.: CHANGE ORDER #1 (+) $37,636.00 DATE: ADJUSTED CONTRACT AMOUNT () $91,901.30 20122013 MAINTENANCE CONTRACT (+) $55,714.00 20122013 EXTRA WORK

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How to fill out base contract amount

How to fill out base contract amount:

01

Start by locating the base contract amount field on the contract form. This is usually found in the financial or pricing section of the document.

02

Enter the agreed-upon base contract amount in the designated field. This is the initial amount that both parties have agreed upon as the total value of the contract.

03

Make sure to accurately input the base contract amount, as it will serve as the foundation for any additional costs or fees that may be incurred during the contract term.

Who needs base contract amount:

01

Contractors and service providers: Base contract amount is crucial for contractors and service providers as it determines the value of the work they will be providing. It helps them to budget, allocate resources, and plan accordingly.

02

Clients and buyers: Clients and buyers also need to know the base contract amount as it establishes the initial cost they will be responsible for paying. It allows them to assess the value they are receiving and make informed decisions regarding the contract.

03

Legal and financial teams: Base contract amount is essential for legal and financial teams involved in reviewing and managing contracts. They rely on this information to ensure the accuracy and validity of the contract, as well as to calculate any financial implications or obligations.

In conclusion, filling out the base contract amount accurately is important for both parties involved in the contract, as it sets the foundation for the agreement and helps to establish the financial aspects of the contract.

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What is base contract amount?

The base contract amount is the initial agreed-upon sum of money in a contract before any additional costs or fees.

Who is required to file base contract amount?

Contractors, subcontractors, and any parties involved in a construction project are required to file the base contract amount.

How to fill out base contract amount?

The base contract amount should be clearly stated in the contract documents and any changes should be documented through change orders.

What is the purpose of base contract amount?

The base contract amount serves as the foundation for determining total project costs and responsibilities of the parties involved in the contract.

What information must be reported on base contract amount?

The base contract amount should include the total sum of money agreed upon for the scope of work outlined in the contract.

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