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PreConstruction DocumentINTENT TO SUBCONTRACT STATEMENT Contractors engaged on this project must document plans to subcontract work. This form should be completed before a contractor begins work on

How to fill out intent to subcontract statement

How to fill out intent to subcontract statement

1. To fill out an intent to subcontract statement, follow these steps:
2. Begin by writing the name and contact information of the subcontractor who will perform the work.
3. Next, state the specific scope of work that the subcontractor will be responsible for completing.
4. Clearly outline the start and end dates of the subcontract agreement.
5. Include details about any specific materials or equipment that the subcontractor will provide.
6. Indicate the agreed-upon subcontract price and any payment terms or milestones.
7. Provide information about insurance requirements, including general liability and workers' compensation coverage.
8. Include any necessary permits or licenses that the subcontractor must obtain.
9. Finally, both parties should sign and date the intent to subcontract statement.
10. Please note that it is always recommended to consult with legal counsel before finalizing any subcontract agreements.

Who needs intent to subcontract statement?

1. An intent to subcontract statement may be needed by contractors or companies involved in construction projects who are looking to hire subcontractors to perform specific tasks or portions of the project. It serves as a formal agreement between the contractor and subcontractor, outlining the responsibilities, terms, and conditions of the subcontract. This document helps ensure clarity and legal protection for both parties involved.

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What is intent to subcontract statement?

An intent to subcontract statement is a formal notice submitted by a contractor indicating their plan to subcontract part of the work to another party.

Who is required to file intent to subcontract statement?

Generally, prime contractors or main contractors involved in construction or procurement contracts are required to file an intent to subcontract statement.

How to fill out intent to subcontract statement?

To fill out the intent to subcontract statement, the contractor must provide details such as the names of the subcontractors, a description of the work to be subcontracted, and any relevant contract information.

What is the purpose of intent to subcontract statement?

The purpose of the intent to subcontract statement is to ensure transparency and compliance with contract terms, allowing for the review of subcontractor qualifications and the overall project plan.

What information must be reported on intent to subcontract statement?

Information such as the subcontractor's name, the specific work to be performed, the contract amount, and any relevant timelines must be reported on the intent to subcontract statement.