Easily Delete Alternative Choice from the General Contractor Agreement

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How to Delete Alternative Choice from the General Contractor Agreement

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hi everyone Im attorney Aiden Kramer with the law office of Aiden Kramer in Colorado and youre watching all up in your business in this episode of all up in your business Im going to talk about independent contractor agreements an independent contractor is anybody who performs a service for your business whos not an employee so when I work with businesses as the attorney I am a contractor if I hire a bookkeeper to work for me but not as an employee than theyre my contractor so regardless of the service thats going to be performed by the contractor its always a great idea to have something in writing that describes your relationship with the contractor and so Im gonna walk through some of the important terms that you want to make sure are clarified in your agreement with your contractor first off obviously the agreement needs to describe what the contractor is going to be doing what service is the contractor performing next again pretty obvious payment how much is the contract a

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What is alternate price in construction?

that is separately priced by bidders so as to provide options to the Owner in determining what the work of the contract will actually be. An alternative price is defined as the amount stipulated by the bidder for an alternative and can be stated as an addition, a deduction, or no change to the base bid price.

Why would having so many alternates in a project make the process to award a contract difficult?

Using an excessive number of alternates should be avoided, because it unnecessarily complicates the bidding process. Alternates may be additive or to deductions from the base bid.

How do you modify a contract?

Always put a contract amendment in writing and make sure both parties sign and date it. Reference the title of the contract, if applicable; its original parties; and original signing date, so that it is clear what document you are amending. Attach the amendment to the original contract.

What is an alternate in an contract?

Alternate: An amount proposed by bidders and stated on the Bid Form for certain work defined in the bidding requirements that may be added to or deducted from the base bid amount if Owner decides to accept a corresponding change either in the amount of construction to be completed or in the products, materials,

What is the difference between allowance and alternate?

Allowance - A sum of money defined in the documents, to be included in the bid to cover the cost of work not fully defined by the documents. Alternates - Amount to be added or deducted from the base bid if the corresponding change in project scope or alternate materials and/or method of construction is accepted.

What is the difference between base bid and alternate bid?

Alternate Bid means the amount stated in the Bid as the sum to be added from the amount of the Base Bid if the corresponding change in the project scope, materials, and/or methods of construction is awarded by the Owner.

Can a contract be changed once it has been signed?

It is not illegal to alter a contract once it has been signed. However, it must be materially changed, meaning that if an important part of the contract is altered by the change, it must be made by mutual consent of both parties.

What are alternates in construction contracts?

Defining Bid Alternates As mentioned, alternates are portions of a project that are bid separately from the base bid. Architects and building owners use them to provide a buffer when bids may come back higher than expected. You can also use them for funding compliance.

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Delete Alternative Choice from the General Contractor Agreement