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Get the free construction fixed price contract - Princeton Facilities

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Facilities Procurement Office E. A. MacMillan Building Princeton, New Jersey 08544CONSTRUCTION FIXED PRICE CONTRACT FORPROJECT TITLE CONTRACT NUMBER FC100##### WITHFIRM NAMEMaster Contract FP Construction
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How to fill out construction fixed price contract

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How to fill out construction fixed price contract

01
Start with the title: Clearly label the document as 'Fixed Price Construction Contract'.
02
Identify the parties involved: Include the names and contact information of the contractor and the client.
03
Describe the project scope: Provide detailed information about the construction work to be done.
04
Specify the contract price: Clearly state the total fixed price for the project.
05
Outline payment terms: Include information on deposit amounts, payment schedules, and final payment upon completion.
06
Include timelines: Specify the start date, completion date, and milestones if applicable.
07
Address changes and modifications: Outline the process for handling any changes to the project scope or cost.
08
Include warranties and guarantees: State any warranties for workmanship or materials used.
09
Detail dispute resolution procedures: Outline how disputes will be handled, whether through mediation, arbitration, or court.
10
Provide a space for signatures: Include signatures of both parties along with dates to validate the contract.

Who needs construction fixed price contract?

01
Homeowners planning to remodel or build a new home.
02
Builders and contractors looking to formalize agreements with clients.
03
Investors in real estate development projects.
04
Businesses engaging in construction for commercial properties.
05
Government entities procuring construction services.
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A construction fixed price contract is an agreement where the contractor agrees to complete the project for a set price, regardless of the actual costs incurred during construction.
Typically, the contractor is required to file a construction fixed price contract, along with any necessary documentation, before starting the project.
To fill out a construction fixed price contract, include details such as project scope, price, timeline, payment terms, and any special conditions. Ensure that all parties sign and date the agreement.
The purpose of a construction fixed price contract is to provide price certainty for the client and to incentivize the contractor to manage costs effectively.
Information such as contractor details, project description, agreed price, project timeline, payment schedule, and any amendments or contingencies must be reported.
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