Get the free GENERAL CONTRACTOR LUMP SUM

STANDARD FORM OF AGREEMENT BETWEEN DESIGNBUILDER AND GENERAL CONTRACTOR LUMP Document No. 555 Second Edition, 2010 DesignBuild Institute of America Washington, DCDesignBuild Institute of America Contract

How to fill out general contractor lump sum

How to fill out general contractor lump sum

1. Step 1: Gather all necessary documents and information such as project plans, specifications, and contract agreements.
2. Step 2: Review the project requirements and scope of work to understand the responsibilities and deliverables as a general contractor.
3. Step 3: Break down the project into smaller tasks and estimate the cost of each task.
4. Step 4: Calculate the total project cost by summing up the individual task costs and adding any additional expenses.
5. Step 5: Consider factors such as labor, materials, equipment, permits, and overhead costs while estimating the project cost.
6. Step 6: Prepare a detailed lump sum agreement that clearly outlines the scope of work, project cost, payment terms, and any other relevant terms and conditions.
7. Step 7: Review the lump sum agreement thoroughly and make necessary revisions or amendments if required.
8. Step 8: Present the lump sum agreement to the client or project owner for review and approval.
9. Step 9: Address any questions or concerns raised by the client and negotiate any changes to the agreement if necessary.
10. Step 10: Once the agreement is finalized and approved, both parties can sign the contract and proceed with the project according to the agreed terms.

Who needs general contractor lump sum?

1. Individuals or businesses planning to undertake construction or renovation projects often require the services of a general contractor lump sum.
2. Property owners who want to have a fixed budget and avoid unexpected cost overruns may opt for a lump sum agreement.
3. Commercial clients who need a single point of contact to manage and coordinate various subcontractors and suppliers can benefit from a general contractor lump sum.
4. Government agencies or organizations undertaking public infrastructure projects often hire general contractors on a lump sum basis.
5. Real estate developers who want to streamline the construction process and ensure timely completion may choose to work with a general contractor on a lump sum agreement.

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