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1Standard Construction Document CCC 17 (2010)
Stipulated Price Contract between
Owner and Trade Contractor
for Construction Management Projects
Project.....................................................................................................................
SUPPLEMENTARY
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How to fill out stipulated price contract between
How to fill out a stipulated price contract between:
01
Begin by including the names and contact information of both parties involved in the contract - the contractor and the client.
02
Clearly state the scope of work to be performed under the contract. This should include a detailed description of the project or services to be provided.
03
Specify the agreed-upon price for the work or services. This should be an exact amount or a formula for calculating the final price.
04
Include a timeline for completing the work or services. This should outline specific start and end dates, as well as any important milestones or deadlines.
05
Outline any payment terms and methods. This could include information about partial or incremental payments, as well as penalties for late payments.
06
Incorporate any specifications or technical requirements relevant to the work or services being provided.
07
Include provisions for changes or modifications to the contract. This could establish a process for approving and implementing changes, as well as any associated costs.
08
Address any warranties or guarantees for the work or services provided. Specify the duration and extent of these warranties.
09
Specify the applicable laws governing the contract and establish a jurisdiction for any potential disputes.
10
Finally, ensure that both parties review and sign the contract to indicate their agreement and acceptance of the terms.
Who needs a stipulated price contract between:
01
Contractors: Stipulated price contracts are commonly used by contractors who want to provide their services at a fixed price. It allows them to budget and plan accordingly, ensuring profitability for their work.
02
Clients: Clients who have a set budget and want a clear understanding of the costs involved in a project or service will benefit from a stipulated price contract. It provides them with cost certainty and protects them from potential cost overruns.
In conclusion, a stipulated price contract between a contractor and a client is a valuable tool for establishing clear terms, pricing, and expectations for a project or service. By following the outlined points, both parties can fill out the contract accurately and ensure a smooth working relationship.
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What is stipulated price contract between?
The stipulated price contract is between a contractor and a client.
Who is required to file stipulated price contract between?
The contractor is required to file the stipulated price contract between.
How to fill out stipulated price contract between?
The stipulated price contract should be filled out with details of the project scope, price, and timeline.
What is the purpose of stipulated price contract between?
The purpose of the stipulated price contract is to outline the agreed upon terms and conditions for the project.
What information must be reported on stipulated price contract between?
The stipulated price contract must include details of the project, pricing, payment schedule, and responsibilities of each party.
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