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Commonly Asked Questions about DC Construction Contracts

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
To that end, before you sign anything and start working, make sure your contract has these 5 key elements. A Detailed Scope of Work. Project Cost and Payment Schedule. Construction Timeline. Change Order Process. Project Issues and Dispute Resolution.
Introduction. A Definitive Contract is a mutually binding legal relationship obligating the seller to furnish the supplies or services (including construction) and the buyer to pay for them.
Contract Types Comparison Party 1 offers Bilateral Services or goods that are of value to the other party Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything9 more rows Jan 26, 2022
solicitation. In contracting, the term means to go out to prospective bidders and request their response to a proposal. A solicitation is any request to submit offers or quotations to the Government.
Here are four main construction contracts to choose from, plus their pros and cons: Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.
The 4 Different Types of Construction Contracts Lump Sum Contract. A lump sum contract sets one determined price for all work done for the project. Unit Price Contract. Cost Plus Contract. Time and Materials Contract.
How to Do Business with the District Attend a General Vendor Workshop. Meet all of the requirements for doing business with the District. Register to do business with the District in eSourcing to receive notice of open solicitations. Become a Certified Business Enterprise (CBE) (local businesses only).