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SECTION 00500 CONSTRUCTION CONTRACT This Contract (the Contract) is dated as of the 6 day of September by and between the City of (hereinafter called the CITY) and__Maggolc, Inc._ (hereinafter called
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Section 00500 refers to a standardized format and requirements for construction contracts used in construction projects to define the roles, responsibilities, and terms between the parties involved.
Typically, contractors, subcontractors, and project owners involved in the construction project are required to file section 00500.
To fill out section 00500, the involved parties must provide detailed information about the project scope, parties' names, terms of payment, timelines, and other contract specifics as outlined in the guidelines.
The purpose of section 00500 is to establish clear, legally binding terms and conditions for the construction project, minimizing misunderstandings and disputes between the parties.
The section must report information such as project description, contractor details, estimated costs, payment schedules, completion timelines, and clauses regarding alterations and disputes.
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