Free Bid Contract

Bid Contract

Introduction
Scope of Work
Price
Schedule
Materials and Equipment
Changes
Insurance
Warranties
Termination
Governing Law
Entire Agreement
Compensation and Benefits
Confidentiality and Non-Disclosure
Dispute Resolution
Signatures

1. Introduction

This Bid Contract ("Contract") is entered into by and between [Your Company Name], the Construction Company ("Company"), located at [Your Company Address], and [Bidder's Name], the Bidder ("Bidder"), located at [Bidder Address], collectively referred to as the "Parties."

2. Scope of Work

The Scope of Work includes, but is not limited to, the following:

Site Preparation: Clearing, grading, and excavation as necessary to prepare the site for construction.
Foundation: Construction of a [Type of Foundation] foundation in accordance with local building codes.
Structural Work: Erection of structural elements, including framing, roofing, and walls, using [Type of Materials].
Utilities: Installation of plumbing, electrical, and HVAC systems as required by the project specifications.
Interior Finishes: Installation of flooring, drywall, paint, and other interior finishes to meet project requirements.
Exterior Finishes: Application of exterior siding, paint, and trim to complete the building envelope.
Landscaping: Installation of landscaping features such as plants, trees, and hardscaping elements.
Cleanup: Removal of construction debris and final cleanup of the site to prepare for occupancy.

Specifications and Standards

All work shall be performed in accordance with the following specifications and standards:

[List of applicable specifications and standards, such as building codes, industry standards, and project-specific requirements.]

Deliverables and Milestones

The following deliverables and milestones shall be met during the course of the project:

[List of major deliverables and milestones, with associated deadlines or completion dates.]

Responsibilities

The Parties' responsibilities shall include, but are not limited to, the following:

Company: Providing access to the construction site, obtaining necessary permits and approvals, and making timely payments as per the Payment Schedule.
Bidder: Performing the work in a professional manner, providing all necessary materials and equipment, and adhering to the agreed-upon schedule.

Other Details

Any deviations from the Scope of Work must be approved in writing by both Parties.
The Bidder shall be responsible for obtaining any necessary subcontractors or suppliers to complete the work.
The Scope of Work may be adjusted by mutual agreement of the Parties in the event of unforeseen circumstances or changes in project requirements.

3. Price

The Bidder agrees to provide the construction services described in the Scope of Work for the total price of [Total Price in Dollars]. Payment shall be made in installments as follows: [Payment Schedule].

4. Schedule

The construction project shall commence on [Start Date] and shall be completed by [End Date] ("Completion Date"), unless extended by mutual agreement of the Parties. The schedule shall include key milestones and deadlines for completion of major phases of the project.

5. Materials and Equipment

The Bidder shall provide all materials, equipment, and labor necessary to complete the construction project in accordance with the Scope of Work. The Bidder shall be responsible for the quality and timely delivery of all materials and equipment.

6. Changes

Any changes to the Scope of Work must be agreed upon in writing by both Parties. Changes may result in an adjustment to the Price and Schedule, which shall be documented in a written change order signed by both Parties.

7. Insurance

The Bidder shall maintain comprehensive general liability insurance and workers' compensation insurance throughout the duration of the project. The Company shall be named as an additional insured on the insurance policies.

8. Warranties

The Bidder warrants that all work performed under this Contract shall be free from defects in materials and workmanship for a period of [Warranty Period] from the Completion Date. The Bidder shall remedy any defects promptly and at no additional cost to the Company.

9. Termination

Either Party may terminate this Contract upon written notice to the other Party in the event of a material breach of the Contract by the other Party. Termination shall not relieve the Parties of any obligations accrued prior to the termination date.

10. Governing Law

This Contract shall be governed by and construed in accordance with the laws of [State/Country]. Any disputes arising out of or relating to this Contract shall be resolved through arbitration in accordance with the rules of [Arbitration Body].

11. Entire Agreement

This Contract constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether oral or written. Any amendments or modifications to this Contract must be in writing and signed by both Parties.

12. Compensation and Benefits

The Bidder shall be compensated for the services rendered in accordance with the Price and Schedule specified in this Contract. The Bidder shall be responsible for all taxes, fees, and other charges related to the services provided under this Contract.

13. Confidentiality and Non-Disclosure

The Parties agree to keep confidential all information relating to the other Party's business and affairs that is not publicly available. This obligation of confidentiality shall survive the termination of this Contract.

14. Dispute Resolution

Any disputes arising out of or relating to this Contract shall be resolved through arbitration in accordance with the rules of [Arbitration Body]. The arbitration shall be held in [City/Location] and conducted in the English language.

15. Signatures

This Contract shall be effective as of the date first written above and may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

[Your Name]

[YOUR TITLE]

[DATE SIGNED]

[BIDDER'S NAME]

[DATE SIGNED]

Contract Templates @ Template.net

Secure your bid with the Bid Contract Template from Template.net. This customizable, downloadable, and printable template establishes clear terms for the bid process. Editable with the help of our AI Editor Tool, it includes sections for project details, bid price, timelines, and more, ensuring a professional and legally binding bid agreement.