Get the free FIXED PRICE CONSTRUCTION CONTRACT - dekalb k12 ga

STANDARD FORM OF FIXED PRICE CONSTRUCTION CONTRACT BETWEEN THE DEKALB COUNTY BOARD OF EDUCATION AND CONTRACTOR FOR PROJECTS OF NARROW SCOPE PROJECT: Wadsworth Magnet Elementary School Ceiling Tile

How to fill out fixed price construction contract

How to fill out a fixed price construction contract:

1. Start by gathering all the necessary information, such as the names and contact details of both parties involved, the project description, and any specific requirements.
2. Clearly define the scope of work to be performed in the contract. Specify the exact tasks and services that will be provided, including any materials or equipment that will be supplied.
3. Include a detailed timeline for the project, indicating start and completion dates, as well as any milestone deadlines.
4. Specify the agreed-upon fixed price for the project. Make sure to include any payment terms, including the schedule of payments and whether there are any penalties for late payments.
5. Clearly outline any warranties or guarantees that will be provided, including the length of the warranty period and the scope of coverage.
6. Include any applicable terms and conditions, such as dispute resolution procedures, indemnification clauses, and termination clauses.
7. If necessary, consult with legal or construction professionals to ensure the contract complies with local laws and regulations.
8. Review the contract with both parties involved to ensure that everyone is in agreement and understands their obligations.
9. Sign and date the contract, making sure that both parties have copies for their records.

Who needs a fixed price construction contract?

1. Homeowners looking to have a construction project completed, such as building a new house or renovating an existing property.
2. Contractors or construction companies who are hired to perform construction work for clients.
3. Architectural firms or engineering consultants who provide design and project management services and need a contract to outline their scope of work and payment terms.
4. Commercial property owners or developers who are undertaking construction projects for new buildings, renovations, or tenant improvements.

Overall, anyone involved in a construction project where a fixed price agreement is necessary to outline the scope, timeline, and payment terms can benefit from having a fixed price construction contract.

For pdfFiller’s FAQs

What is fixed price construction contract?

A fixed price construction contract is an agreement between a contractor and a client where the total cost of the project is set at the beginning and does not change, regardless of any unforeseen circumstances or additional work required.

Who is required to file fixed price construction contract?

The contractor who is providing the construction services is typically required to file the fixed price construction contract.

How to fill out fixed price construction contract?

To fill out a fixed price construction contract, both parties should clearly outline the scope of work, payment terms, deadlines, and any other important details related to the project.

What is the purpose of fixed price construction contract?

The purpose of a fixed price construction contract is to establish a clear understanding of the project scope, cost, and timelines to avoid any disputes or misunderstandings during the construction process.

What information must be reported on fixed price construction contract?

The fixed price construction contract must include details such as project scope, cost breakdown, payment schedule, timeline, changes management process, and dispute resolution mechanism.

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