Get the free Stipulated Sum Subcontract - GLY Construction

SUBCONTRACT Stipulated Sum Form of Agreement Job Description: No.: FLY Job No.: Subcontract No.: Subcontract No.: Subcontractor: Document No.: THIS AGREEMENT, made and entered into this Construction,

How to fill out stipulated sum subcontract

How to fill out stipulated sum subcontract:

1. Begin by carefully reviewing the stipulated sum subcontract document. Familiarize yourself with the terms, conditions, and requirements outlined in the contract.
2. Fill in the relevant information requested in the subcontract. This may include details such as the names and contact information of the subcontractor and the contractor, project specifications, dates, and a breakdown of the subcontracted work scope.
3. Clearly state the stipulated sum, which is the fixed amount to be paid to the subcontractor for completing the work outlined in the subcontract. Ensure accuracy and clarity in presenting the payment terms, including any milestones or progress payments if applicable.
4. Include the project schedule and timeline. Specify the start and completion dates, along with any important milestones or deadlines that need to be met.
5. Attach any necessary supporting documents. This may include drawings, specifications, plans, or references that provide further clarification on the scope of work.
6. Review the subcontract thoroughly for any errors or missing information. Double-check all the details to ensure accuracy and completeness before signing or submitting the document.
7. Obtain the necessary signatures from both parties involved in the subcontract agreement. This typically includes the subcontractor and the contractor or client. Keep copies of the subcontract for your records.

Who needs a stipulated sum subcontract:

1. General Contractors: General contractors often require stipulated sum subcontracts to engage specialized subcontractors to perform specific tasks within a larger construction project. The subcontract helps outline the scope of work, fixed payment, and other crucial terms.
2. Subcontractors: Subcontractors who undertake parts of a construction project may need a stipulated sum subcontract to clearly define their responsibilities, payment terms, and project timeline. This can help protect their rights and ensure a fair agreement.
3. Clients/Owners: Clients or owners of construction projects may require stipulated sum subcontracts as a means of directly engaging subcontractors and specifying the terms of their involvement. The subcontract ensures that all parties are on the same page and have a clear understanding of the responsibilities and financial obligations.

For pdfFiller’s FAQs

What is stipulated sum subcontract?

A stipulated sum subcontract is a type of construction contract where the subcontractor agrees to perform certain work for a fixed price.

Who is required to file stipulated sum subcontract?

The main contractor or general contractor is typically required to file the stipulated sum subcontract.

How to fill out stipulated sum subcontract?

The stipulated sum subcontract should be filled out with the details of the work to be performed, the agreed upon price, and any other relevant terms and conditions.

What is the purpose of stipulated sum subcontract?

The purpose of a stipulated sum subcontract is to clearly outline the scope of work to be performed and the cost associated with that work.

What information must be reported on stipulated sum subcontract?

The stipulated sum subcontract must include details such as the scope of work, agreed upon price, payment terms, project schedule, and any other relevant terms and conditions.

How can I send stipulated sum subcontract to be eSigned by others?

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