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E Strategic Development Group Incorporated Imaginative Real Estate Development Solutions ADDENDUM #1 BID FORM GENERAL CONTRACTOR Dineen Hall Renovations Center for Collaborative Learning School of
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How to fill out addendum 1 lump sum
How to fill out addendum 1 lump sum:
01
Obtain a copy of addendum 1 lump sum form. This form is typically available from the party requesting the addendum, such as a contractor, client, or supplier.
02
Read through the instructions and requirements stated in the addendum carefully. Make sure you understand all the terms and conditions mentioned in the document before proceeding to fill it out.
03
Provide the necessary information in the addendum. This may include details such as your name or company name, contact information, project or contract reference number, and any specific terms or modifications being added to the original agreement.
04
Clearly state the lump sum amount that is being agreed upon in the addendum. This amount should be stated in the currency specified in the document.
05
Review the completed form for accuracy and completeness. Ensure that all the information provided is correct and matches the original agreement, as well as any other relevant documents.
06
Date and sign the addendum. If there are multiple parties involved, each party should sign the document to indicate their agreement to the terms and conditions stated in the addendum.
07
Make copies of the signed addendum for your records and distribute them to all involved parties. It is important to have a documented record of the addendum to avoid any confusion or disputes in the future.
Who needs addendum 1 lump sum:
01
Contractors: Contractors who are working on a project may require an addendum 1 lump sum if there are any changes or modifications to the original contract terms related to the lump sum amount.
02
Clients: Clients who have commissioned a project may request an addendum 1 lump sum to specify any alterations to the agreed-upon lump sum amount, ensuring that both parties are in agreement.
03
Suppliers: Suppliers who are providing goods or services as part of a contract may need an addendum 1 lump sum to clarify any adjustments to the initial lump sum payment that was agreed upon.
04
Parties to a contract: Any party who is involved in a contract that includes a lump sum payment structure may require an addendum 1 lump sum if modifications need to be made to the original terms related to the payment amount.
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